Array
President Biden said Tuesday that the US economy may see a “slight recession” but that he still believes he would “beat Donald Trump again” in 2024.
Biden denied the economy is in the midst of a recession — despite meeting the standard definition of two consecutive quarters of contraction — but acknowledged a downturn could happen in an interview on CNN.
“I don’t think there will be a recession. If it is, it’ll be a very slight recession. That is, we’ll move down slightly,” Biden told Jake Tapper in the taped, 15-minute interview.
Tapper followed up, “you just said that a slight recession is possible.”
“It is possible. Look, it’s possible. I don’t anticipate it,” Biden said.
The US gross domestic product shrank by 0.9% in the second quarter of 2022 after decreasing by 1.
