Wednesday, October 28, 2020

Trump and Obama Economies: Recovery from COVID-19 Recession Remarkably Swift

The recovery from the COVID-19 recession has been remarkably swift by historical standards.

In the table below the percentage change in these indicators is measured from the month before a recession to the bottom or trough of the recession and then five months from the trough, using dates provided by the recognized arbiter of recessions, the National Bureau of Economic Research.

In each category, the Trump administration recovery was dramatically stronger than that under Obama and Biden.

The Obama-Biden recovery was so much slower, it took many more months to provide the growth seen in the Trump recovery's first five months, as illustrated in the next table.

Trump critics blame the pandemic recession on his administration's mishandling of the virus.

The sluggish first five months of the Obama-Biden recovery led to the slowest recovery in U.S. history.

While there remains a long distance to full recovery from the pandemic the Trump administration's first five months of recovery are the nation's fastest ever.
 

https://www.nationalreview.com/2020/10/comparing-the-trump-pence-and-obama-biden-recoveries/ 

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