Biden sending a message he ‘doesn’t want a recession declared’

US President Joe Biden is clearly trying to “send a message” to the National Bureau of Economic Research that he doesn’t want a recession declared, says Sky News Business Editor Ross Greenwood.

Mr Biden said there will be “a lot of chatter” on Wall Street about whether the US is in recession but reassured people there are signs of “economic progression”.

“Really the expectation of the US economy is not for strong growth, not for a strong rebound,” Mr Greenwood said.

“Really what you’re getting is very subdued growth in the United States.”

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