Duval Times

Today, the fourth quarter Gross Domestic Product (GDP) report revealed that economic growth slowed to 2.3% at the end of 2024. In response, Senator Rick Scott issued a statement criticizing the Biden-Harris administration's economic policies. According to Senator Scott, these policies have led to increased economic difficulties for Floridians and Americans nationwide.

The report indicates that under the Biden-Harris administration, debt grew faster than GDP last year. The Consumer Price Index (CPI) inflation averaged 3.1% during the final year of their administration, surpassing the GDP growth rate of 2.3% in the last quarter.

Senator Rick Scott stated, “Today’s GDP report showed that under Joe Biden’s administration, inflation outpaced GDP over his entire FOUR YEARS. The Biden administration left this nation and its families worse off – they have less in savings, less buying power with their hard-earned dollars, less food on the table and less opportunity than they did four years ago."

He further commented on the political implications: "This is exactly why Americans are ready to leave Biden’s abysmal economy behind and even more ready to see President Trump welcome America into its Golden Age.”