In sub-Saharan Africa, GDP growth is similarly projected to increase, from...
2024-11-11 22 英文报告下载
The White House has also trumpeted the resurgence of US manufacturing. In March 2023, it boasted that more than 800,000 jobs had been added to manufacturing employment since President Biden took office, “the most of any president on record.”11 In December 2023, Lael Brainard, the president’s national economic advisor, argued that “the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act are fueling a Made in America manufacturing rebound.”12 In fact, the growth in manufacturing employment was much weaker than these accounts suggest. The manufacturing employment increases immediately after mid-2020 need to be judged in the context of the unusual US business cycle brought about by the disruptions from the COVID-19 pandemic. Between January and April 2020, manufacturing employment plummeted by 1.37 million of jobs (figure 1). The employment increases cited by the administration were simply a rebound from this extraordinary decline, which had already begun before President Biden took office.
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