US economy ‘in strong shape’ ahead of holidays: Biden
- Update Time : Thursday, December 2, 2021
- 146 Time View
The US economy is in a strong position, President Joe Biden has said, thanks to action taken by the government to free up supply chain blockages and tackle the rising cost of living, BBC reported.
He predicted that prices, which have been rising sharply, would ease.
The president said policies to tackle bottlenecks at ports and lower the price of fuel were working.
“We’re heading into a holiday season on very strong shape,” he said. “It’s not because of luck,”
As a result of the economic recovery a typical American family was now better off than before the pandemic struck, the president said, describing a 40% reduction in child poverty as “a moral victory”.
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