Comparing Biden’s and Trump’s economic plans, from immigration to taxes – USA Today writes: : “Biden’s policies are better for the economy,” says Mark Zandi, chief economist of Moody’s Analytics. “They lead to more growth and less inflation.”

From the article:

According to a Moody’s study, Trump’s plan would trigger a recession by mid-2025 and an economy that grows an average 1.3% annually during his four-year term vs. 2.1% under Biden. (The latter is in line with average growth in the decade before the pandemic.)

Next year, under a Trump administration, inflation would rise from the current 3.3% to 3.6%, well above the 2.4% forecast under Biden, the Moody’s analysis shows. Compared with Biden, the U.S. would have 3.2 million fewer jobs and a 4.5% unemployment rate, a half percentage point higher, at the end of a Trump tenure.

Read more about how the economy is forecast to fare under Trump or Biden at: https://www.usatoday.com/story/money/2024/06/20/biden-vs-trump-economy/74077301007