WASHINGTON: US President Joe Biden conceded Tuesday that a “slight” recession was a possibility following a downcast IMF economic forecast, amid rising inflation and uncertainty after the Russian invasion of Ukraine.
“I don’t think there will be a recession,” Biden told CNN. “If it is, it’ll be a very slight recession. That is, we’ll move down slightly.”
“I don’t think there will be a recession,” Biden told CNN. “If it is, it’ll be a very slight recession. That is, we’ll move down slightly.”