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

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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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