President Joe Biden recently emphasized the importance of immigrants in fueling the US economy during a fundraising event for his 2024 re-election campaign. He pointed out the economic struggles of countries like China, Japan, and India, attributing their lackluster growth to xenophobia. Biden highlighted that welcoming immigrants is one of the key factors contributing to the economic success of the United States.
The International Monetary Fund (IMF) has forecasted a deceleration in economic growth for China, Japan, and India in 2024. In contrast, the United States is expected 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.
Biden has positioned himself as a proponent of immigration, with concern about irregular migration looming as a key issue in the upcoming presidential election. He has criticized anti-immigrant rhetoric from his Republican opponent 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 the United States can continue to strengthen its economy on a global scale.