Christian Datoc is a White House reporter for the Washington Examiner. He previously covered the White House, Congress, and campaigns for the Daily Caller. Datoc, who hails from Atlanta, Georgia, graduated from Furman University in Greenville, South Carolina, in 2013, where he majored in political science and played varsity baseball.
The White House said Thursday that the latest gross domestic product report shows the strength of the economy but did not directly predict that the United States will avoid a recession.
The economy grew by 4.9% in the third quarter of 2023, according to new data published by the Bureau of Economic Analysis, and National Economic Council Director Lael Brainard joined White House press secretary Karine Jean-Pierre at Thursday's briefing to discuss the third quarter report.
"We are seeing strong ongoing growth with inflation coming down. We're seeing unemployment staying below 4%, 20 months in a row now, with inflation coming down," she continued."And so those data which have been sustained now, for a relatively long period of time, suggest that there's ongoing resilience there."
Brainard additionally cited a"record rate" of small business formation, claiming that"there's a lot of dynamism in the economy that people are really taking notice of." "The president has a historic legislation that is leading to historically high amounts of construction in the manufacturing sector. It's really leveraging private sector investments," she closed."So for all those reasons, the ability to see the economy continue growing with inflation down — the strongest growth, lowest inflation among the G7."You can watch Thursday's briefing in full below.
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