No signs of a recession for the US economy.— Heather Long (@byHeatherLong) July 27, 2023
-2.4% GDP growth in Q2 -->Beating expectations
-Solid consumer spending (tho slower than Q1)
-Nice pickup in biz investment (outside of housing)
-Slowing gov't spending (tho still a help)https://t.co/6sw3oNSJxE
numbers we saw earlier this month, which said that the value of manufacturing construction had gone up by 77% between May 2022 and May 2023. Which helped to keep the sector afloat as the larger sector of private residential construction dropped by 11.6% in the same time period. So we have solid but not booming economic growth, and economic policies that encourage investment in America. Basically everything that a sensible country should look like, with inflation moderating in the first half of the year as well. Seems like we'd want to continue in this direction, wouldn't we?
This is #Bidenomics in action!— Rep. Gwen Moore (@RepGwenMoore) July 27, 2023
President Biden and Democrats have delivered a historic economic recovery, outpacing other leading economies and driving opportunity right here at home by building an economy that puts workers and families first.https://t.co/Ji82XlVEkC