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The state of the economy: What is Donald Trump inheriting?

  • Biden's administration created almost 16 million new jobs, while inflation reached a 40-year high of 9.1% in 2022, now easing to around 3%.
  • Trump inherits a resilient economy with GDP growth of 2.9% in 2023 and an unemployment rate of 4.1%, below the historical norm.
  • Despite economic growth, the federal debt stands at $36.1 trillion, and public opinion about the economy remains lukewarm.
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  • 50% of the sources are Center
50% Center
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