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Biden On GDP Report: "My Economic Plan Is Working"

US

US President Joe Biden has released a statement on today's second quarter GDP report which saw the US economy grow at a seasonally and inflation adjusted annual rate of 2.4%, up from 2% in Q1.

  • Biden: "The economy is growing... That's Bidenomics at work. Today's report shows that the economy grew at a 2.4 percent annual rate in the second quarter while inflation fell significantly."
  • Biden: "The economy's continued growth builds on what was already the strongest pandemic recovery and lowest inflation of any G-7 country. This progress wasn't inevitable or accidental, it is Bidenomics in action..."
  • Biden: "Our unemployment rate remains near record lows, inflation has fallen by two thirds, real wages are higher than they were before the pandemic, and we've seen more than half a trillion dollars in private sector investment commitments in clean energy and manufacturing. My economic plan is working, and we're just getting started."
  • The statement comes as US voters continue to express scepticism about Biden's economic agenda and his handling of the economy remains the most persistent drag on his approval rating.

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