President Joe Biden spoke at a fundraising event for his 2024 re-election campaign, marking the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month.
He argued that immigration has contributed to the US economy's growth and criticized other countries, including China, Japan, India, and Russia, for their xenophobia and reluctance to welcome immigrants.
The International Monetary Fund forecasted that each of these countries would experience economic growth deceleration in 2024, ranging from 0.9% in Japan to 6.8% in India.
The text suggests that the US economy is expected to grow at a rate of 2.7% in 2021, up from 2.5% in 2020.
Economists credit the improvement to an expanding labor force due to immigration.
However, there are concerns about irregular migration and it is a significant issue for US voters ahead of the presidential election.
Joe Biden, the Democratic nominee, has been working to build economic and political relationships with countries like Japan and India to counter China and Russia on the global stage.