Biden inherited an economy in crisis, but how has his administration helped lift the economy? For starters, there has been a surge in spending, which will help boost the growth rate. It’s unclear how long this surge will last but economists believe that the increase in hiring, business optimism in manufacturing and service sectors, the decrease in hunger, and the rise in the S&P 500 stock market index by 21 records are all positive indicators. In October 2020, forecasters thought the economy would grow by 3.9 percent in 2021. By April 2021, this estimate jumped to 6.3 percent with Wall street economists predicting a faster growth rate.