Is Biden’s economy overstimulated? Not compared with Trump’s
- Posted on October 3, 2024
- By Business News Today
- 2 Views
Is Biden’s economy overstimulated? Not compared with Trump’s
Joe Biden's presidency experienced stronger economic growth compared to Donald Trump's, with a 3.1% annualized GDP increase versus Trump's 2.1%. Despite the pandemic's distortions, fiscal and monetary policy impacts were mixed, but not overwhelmingly favorable to Biden. The U.S. continues to navigate high deficits and shifting monetary policies.