• FireTower@lemmy.world
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    1 year ago

    "Morgan Stanley is crediting President Biden’s economic policies with driving an unexpected surge in the U.S. economy that is so significant that the bank was forced to make a “sizable upward revision” to its estimates for U.S. gross domestic product, CNBC reports.

    As a result of these unexpected swells, Morgan Stanley now projects 1.9% GDP growth for the first half of this year. That’s nearly four times higher than the bank’s previous forecast of 0.5%."

    This is the whole article for anyone to lazy to click the link.

    The average annual GDP growth is typically 2-3%. '21 was -2.77% & '22 was +5.95%. IMO the impact of COVID’s coming and going probably has had more economic impact than any presidential action did. I don’t see how we can fairly attribute or blame Biden for the economy in light of that.

    • Shikadi@lemmy.sdf.org
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      1 year ago

      Holy shit, rich people might actually be realizing the economy depends on the rest of the people in the country?? I thought the day would never come