Statement from President Joe Biden on Third Quarter 2024 GDP ...Middle East

Today’s GDP report shows 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. Since I took office, the economy has grown 12.6%, we’ve had the lowest average unemployment in 50 years, 16 million jobs have been created, and incomes have risen $4,000 more than inflation. While 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. We need to keep building on this progress. Instead, Congressional Republicans are proposing across-the-board tariffs that would cost families nearly $4,000 a year

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