Economic Performance Under Biden

This is a US news story, published by The Belfer Center for Science and International Affairs | Harvard Kennedy School, that relates primarily to GOP news.

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President Joe Biden

The Belfer Center for Science and International Affairs | Harvard Kennedy School

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The Historical Puzzle of US Economic Performance under Democrats vs. Republicans

Summary

Nutrition label

81% Informative

Since World War II , Democrats have seen job creation average 1.7% per year when in office, versus 1.0% under the GOP .

US GDP has averaged a rate of growth of 4.23% per annum during Democratic administrations, versus 2.36% under Republicans .

A remarkable 9 of the last 10 recessions have started when a Republican was president.

In other words, the difference is statistically significant at the 99.9% level. So, one can safely reject claims of stronger economic performance under Republicans . But what accounts for the surprisingly better record under Democratic presidents? It remains a puzzle..

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semi-formal

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English

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not offensive

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not hateful