.POTUS celebrated Thursday's GDP report, claiming in a statement that the results prove 'that the American economy remains strong, as it transitions to steady and stable growth.' The economy grew at a rate of 1.1% in the first quarter of 2023.
President Joe Biden celebrated Thursday's gross domestic product report, claiming in a statement that the results prove"that the American economy remains strong, as it transitions to steady and stable growth."
"This past quarter, real personal disposable income increased and American consumers continued to spend, even as the overall pace of growth moderated," Biden wrote."This follows reports that our economy added more than 300,000 jobs per month during the quarter, the unemployment rate remained near a 50-year low, and workforce participation for working-age Americans is the highest in 15 years.
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