US Economic Growth Post-Pandemic

The US economy has demonstrated significant growth since the pandemic, expanding from $21.7 trillion to $23.4 trillion, representing a 7.5% increase. This contrasting performance to the European Union, which saw only a 4.1% growth from 14.5 trillion euros to 15.1 trillion, highlights a stark difference in economic recovery. A major factor contributing to this disparity is the US government's willingness to maintain higher levels of deficit spending without the same level of alarm over national debt that is prevalent in Europe. Consequently, this sustained government spending has boosted economic activity in the US more effectively than the more conservative fiscal policies seen in Europe, particularly in Germany, which is currently experiencing recessionary conditions.