Showing posts with label Interest Rate Hike. Show all posts
Showing posts with label Interest Rate Hike. Show all posts

Wednesday, October 12, 2022

Biden admits 'very slight' US recession possibility

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."

Agence France-Presse