Biden Emphasizes Importance of Immigrants in Fueling U.S. Economy as China, Japan and India Face Economic Slowdown

As he campaigned for his 2024 re-election, President Joe Biden emphasized the vital role that immigrants play in fueling the U.S. economy. He pointed out the struggles of countries like China, Japan, and India, attributing their stagnant growth to xenophobia. Biden highlighted the importance of welcoming immigrants as a key factor contributing to the economic success of the United States.

According to recent forecasts from the International Monetary Fund, China, Japan, and India are expected to experience a slowdown in economic growth in 2024. On the other hand, the United States is projected to see a slight increase in growth thanks to immigrants expanding the labor force.

Biden’s remarks underscored the positive impact that migration can have on a country’s economic development. With irregular migration being a major concern in the upcoming presidential election, Biden has positioned himself as an advocate for immigration. He has criticized his Republican opponent’s anti-immigrant rhetoric and stressed the importance of building economic and political relationships with countries like Japan and India.

By embracing diversity and welcoming immigrants, Biden believes that America can continue to strengthen its economy on a global scale.