Political News & Social Views

Tag: Global Economy

Fact check: Biden falsely claims US has ‘fastest-growing economy in the world’

Biden’s claim is false. The US economy grew by 5.7% in 2021, but more than 50 other countries had faster growth that year, figures published by the International Monetary Fund show; many of them are small or developing countries, but some of them are large or wealthy. In addition, the US economy shrank in the first quarter of 2022, while various other countries experienced growth.