built under former President

Low unemployment rates and a soaring stock market built under former President Barack Obama’s administration following the 2008 financial crisis gave Trump a strong foundation the first time around. So, what economic legacy will Trump inherit from Biden? Simply put, high employment rates, strong GDP growth and low inflation often characterize a healthy economy. The country was still recovering from the COVID-19 pandemic when Biden was sworn in, but the last four years have proven resilient. Biden’s administration created almost 16 million new jobs in America — a key sign of positive economic growth. That good news was overshadowed for many Americans by inflation, which reached a 40-year high in 2022, with prices increasing by 9.1%. That impacted people’s purchasing power and made everyday items feel expensive. สล็อตเว็บตรง