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Biden says ‘not concerned’ about US recession

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President Joe Biden said Thursday he does not think the US economy will enter a recession, despite the release of government data showing GDP shrunk in the first quarter of 2022.

“I’m not concerned about a recession,” Biden told reporters, pointing to jumps in consumer and business spending as well as low unemployment as bolstering his case that the economy is in good shape.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.