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U.S. Officially Enters Recession Under Biden

U.S. Officially Enters Recession Under Biden

These figures represent a marked turnaround from the economic resurgence that Biden inherited when he first assumed office. America’s GDP grew by 33.8 percent and 4.5 percent in the third and fourth quarters of 2020, when President Donald Trump was still in office; that growth continued into the first year of the Biden presidency until dropping off in the first half of 2022.

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