President Joe Biden said on Wednesday he did not believe the US economy will fall into recession either this year or next year, his most confident prediction on the fate of an economy that is still rattled by fears of a downturn.
Asked in an interview whether he thought there would be a recession this year, Biden responded: "No, or next year. From the moment I got elected, how many of the experts are saying within the next six months there's gonna be recession?"
Economists for months have been warning of a possible recession as the US Federal Reserve raised interest rates in order to tame decades-high inflation.
Biden himself has said a recession was possible, and earlier this week he told reporters that the risk was very low.
On the whole, economic data in recent months has moved in the president's favor, particularly after inflation spiked to a 40-year high last summer and government reports showed the US economy could be heading into a recession.
Strong job numbers last week, which occurred despite layoffs in the technology sector as well as in interest-rate-sensitive sectors like housing and finance, poured cold water on market expectations that the US central bank was close to pausing its monetary policy tightening cycle.
A two-storey restaurant building collapsed on the beach in Palma de Mallorca killing at least four people and injuring 16 people in the tourism hot spot in Spain's Balearic Islands.
Israeli forces killed 35 Palestinians in aerial and ground bombardments across the Gaza Strip on Thursday and battled in close combat with Hamas in areas of the southern city of Rafah, health officials and Hamas media said.
Iran's late President Ebrahim Raisi is set to be buried in the holy city of Mashhad on Thursday evening, four days after he was killed in a helicopter crash along with foreign minister Hossein Amirabdollahian and six other people.
A Russian missile attack on Ukraine's northeastern city of Kharkiv killed at least six people and wounded at least 11 on Thursday, local authorities said.
A furious China launched "punishment" drills around Taiwan on Thursday in what it said was a response to "separatist acts", sending up heavily armed warplanes and staging mock attacks as state media denounced newly inaugurated President Lai Ching-te.
Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
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