Economist Podcasts Checks and Balance: Growth states
44 snips
Mar 15, 2024 
Simon Rabinovitch, the US economics editor for The Economist, joins a lively discussion on America’s surprising economic growth and the unusual disconnect with voter sentiment towards President Biden. They explore the resilience of the economy amid low unemployment and booming markets, alongside the complexities of inflation and oil pressures. Rabinovitch delves into how consumer sentiment differs from economic performance, setting the stage for the 2024 election landscape, all while reflecting on historical trends in a fun, nostalgic quiz segment.
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McKinley's Dinner Pail
- In 1900, President McKinley used the "full dinner pail" as a symbol of economic prosperity during his reelection campaign.
- This tactic resonated with voters, contributing to his victory.
US Economy Defies Expectations
- The US economy grew by 3% in 2023, exceeding recession predictions.
- It's the only major economy back to its pre-pandemic growth trend.
Sustained Economic Growth
- Despite predictions of a slowdown, the US economy continues to grow, with upward revisions to forecasts.
- The unemployment rate remains low, job growth is strong, and the stock market is reaching record highs.