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Biden says US ‘not going to be in a recession’

Biden pays tribute to queen as 'stateswoman of unmatched dignity and constancy'
Source: Wikimedia Commons

President Joe Biden said Monday he does not expect the United States to go into recession, although GDP figures due later this week may show the economy shrinking for a second consecutive quarter.

“We’re not going to be in a recession in my view,” Biden told reporters.

Citing strong employment figures, the president said he hoped instead for a soft landing where “we go from this rapid growth to steady growth.”

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AFP

Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.




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