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 man missing for more than 26 years has been found alive in his neighbour's cellar, just a few hundred metres from his family home. Omar bin Omran was reportedly kidnapped as a teenager and was discovered on Sunday.
China will always be a good neighbor, friend and partner of mutual trust with Russia, the state television quoted China president Xi Jinping as saying, as he mets Russian president Vladimir Putin.
Slovak Prime Minister Robert Fico is no longer in a life-threatening condition after he was shot in an assassination attempt when leaving a government meeting on Wednesday, a government minister said.
US President Joe Biden and Republican rival Donald Trump on Wednesday agreed to face off in two debates on June 27 and Sept. 10, setting up the highest stakes moments yet of the race for the White House.
The number of people killed by weekend flash floods and mud slides in Indonesia's West Sumatra province has risen to 67 and 20 are still missing, authorities said on Thursday, as the government plans to relocate survivors to safer areas.