Fact check: Biden falsely claims US has 'fastest-growing economy in the world'
CNN
In a Wednesday appearance on the ABC late-night show "Jimmy Kimmel Live!," President Joe Biden made a dramatic claim about the US economy -- and repeated himself for emphasis.
"Look, here's where we are. We have the fastest-growing economy in the world. The world. The world," Biden said.
Facts First: Biden's claim is false. The US economy grew by 5.7% in 2021, but more than 50 other countries had faster growth that year, figures published by the International Monetary Fund show; many of them are small or developing countries, but some of them are large or wealthy. In addition, the US economy shrank in the first quarter of 2022, while various other countries experienced growth. And while economic experts expect the US economy to resume growing over the rest of this year, a significant number of other countries are expected to grow faster.
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