With Kamala Harris replacing Joe Biden atop the Democratic presidential ticket, we now get to test if she can get voters more pumped about a solid economy.
Can Kamala Harris get Americans more psyched about a solid economy than Joe Biden can? We'll soon find out. For now, however, Americans are still adjusting to the most volatile presidential race in decades.Vice President Harris rapidly secured pole position in the Democratic race and is due to win the official presidential nomination at the party’s convention in August.
“The engine of the economy is encouraging,” Oxford Economics wrote in its analysis of the GDP data on July 25. “Growth in real consumer spending perked up after disappointing in Q1. The moderation in inflation is boosting real disposable income and we expect this to support spending in the second half of the year.”Goldman Sachs, meanwhile, expects full-year GDP growth of 2.3% for both 2024 and 2025, with inflation falling back to pre-COVID levels by next year.
In her first week as Biden’s heir apparent, Harris bounded around the country flashing big, confident smiles and promising to take down her Republican rival, Donald Trump. Polls showIf voters want a younger and more energetic messenger on the economy, then they ought to respond positively as Harris becomes the one touting the record job growth and legislative accomplishments of the Biden-Harris team.
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