President Joe Biden cheered the new GDP report showing strong economic growth in the third quarter.
Biden claimed it was proof his policies were working to reduce inflation, while preventing a recession.showing strong economic growth in the third quarter and noted it was proof his policies were working to reduce inflation while preventing a recession.showed gross domestic product, the measure of all goods and services produced in the U.S., rose at a seasonally adjusted rate of 4.9% annualized, in the third quarter.
Thursday's report was the latest data point that indicates a strong U.S. economy, and came as good news for the Biden administration, and for the president's 2024 reelection campaign. The poll also found that a majority of voters disapproved of Biden's economic track record, 59% to 37% approving.
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