U.S. Leads Economic Growth Among Developed Nations, Outpacing China

The U.S. economy has outpaced other developed nations in its post-pandemic recovery, growing 2.5% in 2023. Last year, the United States recaptured the title of the world’s largest economy, surpassing China’s economic position for the first time since the 1970s. Intensive investment in technology and innovation from Biden’s Inflation Reduction Act contributed significantly to the resurgence of the U.S. economy.