Biden's Economic Wins Lower 2024 Recession Risk, But Inflation Backlash Still Clouds Re-Election
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The predicted recession still hasn't arrived and the risk of a 2024 recession is declining. Economists see moderating but still positive growth.
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Inflation has fallen rapidly without harming employment. This has reduced recession risk and the chance of a Fed-induced contraction.
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Strong 2023 economic performance has exceeded expectations. Consumer spending has remained resilient despite dwindling pandemic savings.
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Fundamentals seem to support continued growth rather than recession in 2024. This helps Biden’s re-election chances.
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Polls show Biden struggling despite the economy. Voters still disapprove of his inflation record. A healthy 2024 economy may not guarantee his re-election.