U.S. GDP significantly outpaced countries like Japan and Canada last year, the International Monetary Fund estimated in January.
By the numbers, Biden is correct: America's economy is stronger than that of other developed nations.
But the numbers paint a different picture, one more in line with Biden's narrative of American economic dominance than Trump's apocalyptic warnings. "On inflation, it is too soon to say whether the recent readings represent more than just a bump," Federal Reserve Chair "The U.S. economy is leading the way for the global economy. It's driving the global economic train," Moody's Chief Economist Mark Zandi told CNBC., payrolls processing firm ADP reported on Wednesday, well ahead of the Dow Jones estimate of 150,000 jobs. It is the fastest employment growth the U.S. economy has seen since July 2023.Besides sticky high prices that are projected to cool in the coming year, Zandi said that the fundamentals of the current U.S.
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