In his election campaign, Trump appeals to voters to ask themselves whether they are better off today than they were four years ago, a tried and tested political argument. However, he is overlooking some facts: In the last year of his term in 2020, life expectancy in the USA fell by 1.8 years due to the COVID-19 pandemic, which also caused a severe economic slump. Despite recovery thanks to government aid, the economy was smaller at the end of 2020 than at the end of 2019. However, if you compare 2019 with today, there are some parallels, which is seen as a success of measures to mitigate the pandemic. Adjusted for inflation, GDP is 11.5% higher than in 2019 and growth is similar to the Trump era. Inflation remains a key issue in Trump's campaign, even though inflation has now fallen and incomes have kept pace with inflation. The unemployment rate is now slightly lower than before the pandemic and household wealth has continued to rise in the Biden era. North Korea conducted a...
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