20 August 2024
The U.S. economy under both Trump and Biden administrations showed strengths and weaknesses, with each facing unique challenges. Both presidents oversaw periods of economic growth, strong stock market performance, and low unemployment rates. However, Biden’s term has been marked by higher inflation and increased federal debt, while Trump’s economic legacy was significantly impacted by the COVID-19 pandemic. Biden has seen strong job growth as part of the post-pandemic recovery, but consumer sentiment remains lower than during Trump’s presidency. Overall, the economic picture is complex, with each administration’s policies and external factors contributing to the current state of the U.S. economy.