Emmanuela Omole

2 months ago | cepr.net | Data Bytes |Dean Baker |Emmanuela Omole |Emma Curchin

President Biden handed off the best economy to an incoming president since at least the 2001 handoff from Clinton to Bush II. In his last quarter in office, GDP grew at a 2.3 percent annual rate (final demand, which excludes inventory fluctuations, grew at a 3.2 percent rate). That brought the average growth rate for Biden’s presidency to 3.2 percent, the highest since Clinton’s second term.