Informed
Jan 26, 2024 - 31 min
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How the U.S. became an economic exception
Discover the news beyond the headlines with our daily selection of the stories that matter.
By Informed
Our daily selection of the global stories that really matter is presented by our host, Manish Verma. In today's episode... We look at the reasons for the USA's surprising financial sturdiness in 2023. The nation's economy showed resilience, growing stronger than expected, driven by robust consumer spending despite inflation concerns. The Washington Post considers how this positive trend provides a political boost for President Biden, though challenges are anticipated in 2024. Then, the U.S. extended its economic lead over China, with a 6.3% GDP growth compared to China's 4.6%, reflecting a more robust post-pandemic recovery. Bloomberg reflects on how China faces challenges with a real estate bust and deflation, causing a significant drop in its stock market values.
