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 Message Boards » » American Exceptionalism Archive Page [1]  
emnsk
All American
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AEA... the red ribbon has been cut.

2/2/2024 12:51:58 AM

emnsk
All American
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U.S. winning world economic war

Quote :
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The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.
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Quote :
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Why it matters: America's outperformance is rooted in its distinctive structural strengths, policy choices, and some luck. It reflects a fundamental resilience in the world's largest economy that is easy to overlook amid the nation's problems.

By the numbers: U.S. GDP looks to have grown 2.5% in 2023, according to the IMF's hot-off-the-presses World Economic Outlook, the highest among the G7 economies (Japan was second at 1.9%).
-IMF economists forecast similarly best-in-class growth this year, with 2.1% U.S. growth (second place: Canada at 1.4%).
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State of play: All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

- Strong growth in the U.S. labor force was one factor — both due to more Americans choosing to enter the workforce and a surge in immigration.
- The U.S. also experienced strong productivity growth fueled by an innovative corporate sector and, Biden administration officials argue, big federal investments in infrastructure and manufacturing capacity.
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What they're saying: Adam Posen, president of the Peterson Institute for International Economics, argues that an important part of the story is a U.S. pandemic response that led to more Americans shifting toward higher-productivity work.
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Yes, but: It's not just that the U.S. is doing well — it's that other major economies have distinctive problems holding back growth.
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SRC-https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

2/2/2024 12:58:16 AM

emnsk
All American
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First Amendment













[Edited on February 2, 2024 at 1:57 AM. Reason : various SRCs... visible in edit mode.]

2/2/2024 1:56:03 AM

Crede
All American
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Exceptional at protecting capitalism and securing access to oil.

2/2/2024 7:05:50 AM

The Coz
Tempus Fugitive
24821 Posts
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NEVAH LOST!!!

Except Vietnam. And Afghanistan.

2/2/2024 9:15:40 AM

emnsk
All American
2411 Posts
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^^

Yes, even when we can produce the most on our own











2/2/2024 1:09:23 PM

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