In Biden's first year, economic growth reached a 37-year high

United States News News

In Biden's first year, economic growth reached a 37-year high
United States Latest News,United States Headlines
  • 📰 MSNBC
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

.MaddowBlog: Domestic growth outpaced China's economic growth in 2021 for the first time in decades. A year ago, none of the major forecasters were projecting growth this strong in the U.S.

It was among the most jarring of Trump's broken promises. Even before the pandemic, GDP growth in Trump's first three years failed to reach 3 percent.

But as it turns out, the U.S. economy was able to reach growth rates unseen in a generation, but it happened under President Joe Biden. The Associated PressThe nation's gross domestic product — its total output of goods and services — expanded 5.7% in 2021. It was the strongest calendar-year growth since a 7.2% surge in 1984 after a previous recession. The economy ended the year by growing at an unexpectedly brisk 6.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MSNBC /  🏆 469. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Supreme Court Justice Stephen G. Breyer to retire, giving Biden his first appointmentSupreme Court Justice Stephen G. Breyer to retire, giving Biden his first appointmentJustice Stephen G. Breyer will retire, clearing the way for President Biden to make his first appointment to the Supreme Court.
Read more »

Biden confirms he will nominate first Black woman to Supreme CourtBiden confirms he will nominate first Black woman to Supreme Court.ABC News Special Report: Biden, Breyer to make joint announcement at White House as Supreme Court justice set to retire. Watch live:
Read more »

Opinion | Biden Puts More Military Muscle Into NATO’s Russia ResponseOpinion | Biden Puts More Military Muscle Into NATO’s Russia ResponseFrom WSJopinion: Washington’s decision to announce the alert in advance of another Russian attack, tie it to the NRF, and double down on a multilateral approach is a welcome shift in strategy, writes JohnRDeni
Read more »

New Georgetown Law Exec Deletes ‘Appalling’ Tweets About Biden SCOTUS PicksNew Georgetown Law Exec Deletes ‘Appalling’ Tweets About Biden SCOTUS PicksLess than a week after being hired to head a high-profile research department at Georgetown Law School, Ilya Shapiro predicted that Joe Biden’s Supreme Court nominee will be a “lesser black woman.”
Read more »

Biden Administration Cancels Two Trump-Approved Minnesota Mining LeasesBiden Administration Cancels Two Trump-Approved Minnesota Mining LeasesThe Biden administration has cancelled two mining leases approved by the Trump administration that were opposed by environmental activists and Indigenous groups.
Read more »



Render Time: 2025-02-22 23:51:05