Warning signs of US recession may be bad news for Kamala Harris
by Larry Elliott from on (#6PR2S)
Cracks in labour market provide Trump with evidence for his message that Biden has been disaster for the economy
Donald Trump's message to US voters has been consistent as he seeks to win a second term in the White House: the economy under Joe Biden has been a disaster.
Until recently the hard data has not supported Trump's argument. The US has been comfortably the fastest-growing of the G7 leading industrial nations since the Covid pandemic. Unemployment has been low by historic standards. America's self-sufficiency in energy meant it suffered a less severe inflation shock than Europe after Russia's invasion of Ukraine.
Continue reading...