US economy shows resilience and growth under Obama, Trump, and Biden
Summary: The U.S. economy has experienced significant changes from 2009 to 2024 under Presidents Obama, Trump, and Biden. Key events included the financial crisis before Obama took office and the COVID-19 pandemic during Trump's presidency, both of which had major impacts on job markets and economic stability.
Despite challenges, the U.S. economy has shown resilience, with GDP per capita reaching over $81,000 in 2022. However, while the U.S. remains the largest economy globally, growth rates in countries like China and India have outpaced it in recent years.
Inflation has fluctuated, peaking at 9.1% in June 2022 before dropping to 2.4% in September 2023. This inflation has affected living costs, becoming a significant concern for voters ahead of the upcoming elections.
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