Email this article Three Years of J. Biden’s Presidency: The State of Economy and Mid-Term Forecasts
- Authors: Supyan V.B.1
-
Affiliations:
- Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
- Issue: No 1 (2024)
- Pages: 5-17
- Section: Articles
- URL: https://journals.rcsi.science/2686-6730/article/view/256451
- DOI: https://doi.org/10.31857/S2686673024010019
- ID: 256451
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Abstract
The article aims to show trends and results of economic development of the USA during first 3 years of Joe Biden’s presidency. It is found out that the economy has mostly overcome the consequences of pandemic crises and the basic economic indicators are positive. It is shown that the US Economy is now among the strongest in the G7. The same time the level of inflation is still higher than the targeted goal of the Federal Reserve. The investment activity in many industries is also on a relatively low level According to mid-term forecasts next several years will demonstrate gradual improvement in everyday economic situation.
About the authors
Victor B. Supyan
Georgy Arbatov Institute for U.S. and Canada Studies, Russian Academy of Sciences (ISKRAN)
Email: vsupyan@iskran.ru
ORCID iD: 0000-0001-8819-3940
Scopus Author ID: 6504331071
Corresponding Member of RAS, Academic Director of Economic Studies of ISKRAN. Chief Research Fellow,Honored Scientist of Russia Moscow, Russia
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