“It’s just a perfect report: strong growth and low inflation,” said Mark Zandi, chief economist at Moody’s Analytics. “Everything contributed to growth: consumers, businesses, government, housing, trade, inventories. All of the economic wheels were moving in the same direction.” The U.S. economy grew by a bustling 3.1 percent in 2023, shaking off recession fears and offering an upbeat picture of consumers and businesses ahead of a pivotal election year. Democrat's Deliver on the economy as always. The stock market is historically better with a democrat in the White house.