President of the United States (US), Joe Biden, said, the US economy has “grown 12.6%” on his watch.
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| President of the United States (US), Joe Biden. Photo: @POTUS |
According to President Biden: “Critics thought we’d need a recession to lower inflation.
Instead, we’ve grown around 3% a year on average, while inflation has fallen to the level right before the pandemic.
“Today’s report confirms how far we’ve come since I took office, from the worst economic crisis since the Great Depression to the strongest economy in the world.
On my watch, the economy has grown 12.6%, and we’ve had the lowest average unemployment in 50 years.”
