Joe Biden rules out that the US enters an economic recession

Joe Biden rules out that the US enters an economic recession

Biden Treasury Secretary Janet Yellen said on Sunday that the US economy was “slowing” but said the data did not herald a recession.

“I’m not saying that we will definitively avoid a recession, but I think there is a way to maintain the strength of the labor market and lower inflation,” he said.

GDP growth in the United States in the second quarter will be known on Thursday and a slight increase is expected, after a negative first quarter (a contraction of 1.6% in annual projection, the preferred measure in the country, which projects growth to 12 months under the conditions at the time of the study).

If a contraction were to occur, the US would technically be in a recession, posting two quarters in negative territory.

But for Yellen, a recession “is a generalized contraction of the economy. And even if (the GDP for the second quarter shows figures) negative, we will not be in a recession today,” she insisted.



Source link

Previous Story

Maribel Gordon: ‘Half a million Panamanians have unsatisfied needs in food matters’

Next Story

Woman who shoots through the roof of a Dallas airport is shot by police

Latest from Mexico

x vidio porn-tube-box.com wap in sex vedio indian forced porn videos thefuckingtube.com karva kannada movie افشخني hardsextubevid.com ماندي ماوس x video pune anal-porn-tube.net pakistani pussy photo epekto ng gadgets sa kalusugan watchteleserye.com cherry pie picache husband
سكس خىانة x-arab.com maya diab porn dr bug hentai tag hentaimol.com manga futa on male fuke vedios waplo.info fuckmyindia sex blue video pornichka.com velamma savita hd عايزه تتناك porncomicsfantasy.com سكس مدارس مصري
xx sex vedio stepsisterporntrends.com lokal sexy video sexy videos of students firetube.mobi xvideod lotto result today live 9pm teleseryehd.net wowowin live today 2021 today indian sex telugu pornlike.mobi hotporntubes sexy jill 2beeg.me local sex porn