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Dean Baker, industry influencer, observes that at present, an economy is expanding at twice the rate of the U.S. economy.
This statement highlights a significant difference in economic growth between the two countries, as noted by Baker.
Baker has recently noted a 21.7% decline in U.S. factory construction from its peak in 2024. He also pointed to record lows in consumer confidence in the U.S. economy. These observations come as comparisons to faster-growing economies draw attention to U.S. performance.