Joe Biden has won plaudits internationally for presiding over an economy that has achieved stellar growth. But as he prepares to step down on Monday, many Americans feel they are worse off than when the president took office.
Biden’s four-year term spanned a period of global economic upheaval, from the coronavirus pandemic and the worst inflation shock in a generation to rising tensions with China. Yet data compiled by analysts at BCG shows that Donald Trump will take office with one of the strongest economic backdrops of any president since Jimmy Carter.
“Biden inherited a Covid-battered economy and he is bequeathing an exceptionally strong one,” said Mark Zandi, chief economist at Moody’s Analytics.
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