US President Joe Biden said that “xenophobia” from China, India and Japan is stopping the economic growth of these countries as he argued that migration is good for the economy of the United States. Speaking at a Washington fundraising event for his 2024 re-election campaign, Joe Biden said as per news agency Reuters, “One of the reasons why our economy’s growing is because of you and many others. Why? Because we welcome immigrants.”
The US President marked the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month as well, He said, “Why is China stalling so badly economically, why is Japan having trouble, why is Russia, why is India, because they’re xenophobic. They don’t want immigrants. Immigrants are what makes us strong.”
What IMF said on world economies and their performance in 2024?
The remarks comes as the International Monetary Fund (IMF) forecast last month that each country would see its growth decelerate in 2024 in comparison to 2023. This could range from 0.9% in highly developed Japan to 6.8% in India while the United States would grow at 2.7%, slightly faster than its 2.5% in 2023.
Joe Biden and his stand on immigration amid US elections
Migration has been a major concern among many US voters ahead of November’s presidential election, several polls have shown.
Joe Biden has condemned his Republican opponent Donald Trump for the latter’s stand on migration as his administration has focused on broad economic and political relations with countries including Japan and India while US counters China and Russia globally.
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
