Assessing Biden's Economic Performance: A Look at Voter Sentiment and Prospects for 2024

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Source: POLITICO
Assessing Biden's Economic Performance: A Look at Voter Sentiment and Prospects for 2024
Photo: POLITICO
TL;DR Summary

Economic models are predicting a tight race for the 2024 election, despite a strong economy with high employment and easing inflation. Recent polls show President Joe Biden trailing behind former President Donald Trump on the economy, raising doubts about the Biden campaign's claim that the economy will be a significant asset. Yale economist Ray Fair and other economists forecast a close contest, citing inflation and a likely slowdown in growth as potential stumbling blocks for Biden. While the economy has remained resilient, experts caution that it's hard to forecast a year ahead from the election, and other factors beyond the economy also play a role in determining election outcomes.

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