US President Joe Biden. File photoWASHINGTON, Jul 25 US President Joe Biden said the country's economy will not go into recession. «We will not go into recession,» Biden told reporters. He noted that the US has low unemployment, and, regarding the upcoming release of the country's GDP data, indicated that it was possible to see some decline. «But I don't think we're going to see a recession,» he added. «I hope we go from fast growth to sustainable growth,» Biden said.
The US Treasury called the slowdown in the country's economy a necessity
