Treasury Secretary Yellen emphasized that the U.S. economy has recovered strongly from the pandemic due to the Biden administration's rejection of isolationism, which she argues had previously made both America and the world worse off.
Economic growth in the U.S. is projected at 2.8% for 2023, driven by strong consumer spending and rising inflation-adjusted wages, which contrasts sharply with the IMF's downward revision for Europe and China.
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