Biden: During my term, the economy grew by 12.6%
Washington, October 30 (Hibya) – U.S. President Joe Biden announced that the economy grew by 12.6% during his term, and they experienced the lowest average unemployment rate in the past 50 years.
President Biden noted that the published report confirms the progress made from the worst economic crisis since the Great Depression to the world's strongest economy.
Biden stated that during his term, the economy grew by 12.6% and they experienced the lowest average unemployment rate in 50 years, adding:
“Critics thought a recession was needed to reduce inflation. However, we grew by an average of about 3% per year, and inflation returned to pre-pandemic levels.”
Usa News Agency
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