US economy strong and growing now

When it comes to assessing the strength of , observers tend to rely on comparisons to recent history. For example, Americans recently saw 27 consecutive months of unemployment below 4% — a streak unseen in the United States . Similarly, 2023 was arguably the best year for U.S. job creation . But there’s also an international dimension to this. In January, The Washington Post that Americans were experiencing “the world’s best recovery,” which was “outperforming all of its major trading partners.” Around the same time, an Axios similarly noted, “The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.” The article added that Americans were winning the post-pandemic global economic “war.” As 2024 approaches the halfway point, the assessments haven’t changed at all. The World Bank this week not only noted that the Biden-era economy is the world’s strongest, it also concluded that the global economy is in better shape . “Globally, overall things are better today than they were just four or five months ago,” Indermit Gill, the World Bank’s chief economist said. “A big part of this has to do with the resilience of the U.S. economy.” Gill’s report further credited “U.S. dynamism” with helping stabilize the economies abroad. A Washington Post added, “The United States is the only advanced economy growing significantly faster than the bank anticipated at the start of the year.”