U.S. Economy Outshines EU, China, and Japan in Pandemic Recovery

The U.S. economy has outperformed trading partners like the EU, China, and Japan in its recovery from the pandemic. U.S. GDP grew 3.1% over the past year, while inflation has cooled to the Fed's 2% goal. This success stems from over $6 trillion approved by Congress under Trump and Biden to counter COVID-19's economic impact. At 25.5% of GDP, U.S. fiscal support dwarfed other nations and fueled strong growth. Higher wages, business investment, and consumer spending have driven the recovery.