2024-08-14
8 分钟The Economist. Hi, John Priddo here.
I host Checks and Balance, our podcast on US politics.
Welcome to Editors Picks.
Here's an article from the latest edition of The Economist,
handpicked by our team and read aloud.
I hope you enjoy it.
America's voters have not given credit to the Biden White House for their country's economic boom.
Will they punish Kamala Harris for a bust?
After growing at rates that were the envy of the rich world,
the American economy now seems to be slowing.
Investors are worried that a recession is just around the corner.
On August 2,
following a disappointing survey of manufacturers and a rise in claims for jobless benefits,
they took fright at the news that the country's unemployment rate had risen to 4.3% in July,
its highest since 2021.
On August 5, stock markets slumped worldwide,
before recovering a little lost ground the next day.
The economy does not determine elections in America, but it is important.
Its course over the next 90 days will weigh on the incumbent Democrats' chances in November's presidential election.
An outright recession would probably spell doom for Ms Harris,