MSN - AP World http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a MSN - AP World Copyright © 2010-2018 The Canadian Press. All rights reserved. http://www.rssboard.org/rss-specification Wed, 10 Aug 2022 13:33:08 +0000 Biden: Recession in the US not inevitable http://syn2.thecanadianpress.com:8080/mrss/feed/fcf7391a2f354311807f0501c16bde6a/b6ba0e80e23d44ea820c6eab98759da6 President Joe Biden said he does not believe an economic recession is inevitable in the U.S. Biden, in Tokyo, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.” (May 23) b6ba0e80e23d44ea820c6eab98759da6 Mon, 23 May 2022 08:03:31 +0000 SHOTLIST:RESTRICTION SUMMARY:US NETWORK POOLTokyo - 23 May 2022HEADLINE: BIDEN SAYS RECESSION NOT INEVITABLE++BEGINS ON SOUNDBITE++1. SOUNDBITE (English) U.S. President Joe Biden:(Reporter: "Should Americans be prepared for a recession? In your view, is a recession in the United States inevitable?"Biden: "No."(Reporter: "Why not?")Biden: "Look, you're talking about the significant progress we've made in making sure we don't have supply chain back-ups, about the 8,000 jobs that Hyundai's going to be bringing into Georgia, 3,000 jobs in Texes from Samsung, $17 billion investment Toyota, 1,700 jobs in North Carolina on battery technology. The situation where we're at, we've created over eight million new jobs, where unemployment is down to 3.6% and so on and so forth, as if they're a problem. Imagine where we'd be with Putin's tax and the war in Ukraine, had we not made that enormous progress. Our GDP is going to grow faster than China's for the first time in 40 years. Now, does that mean we don't have problems? We do. We have problems like the rest of the world has but less consequential than the rest of the world has because of our internal growth and strength."++ENDS ON SOUNDBITE++STORYLINE:U.S. President Joe Biden said he does not believe an economic recession is inevitable in the U.S.Biden, speaking at a news conference in Tokyo after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.”"We have problems like the rest of the world has but less consequential than the rest of the world has because of our internal growth and strength," even as he rejected the idea a recession in the U.S. was inevitable.The comments came just before Biden's planned launch of the Indo-Pacific Economic Framework, a new trade deal his administration designed to signal U.S. dedication to the contested economic sphere and to address the need for stability in commerce after disruptions caused by the pandemic and Russia’s invasion of Ukraine.===========================================================Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: info@aparchive.com(ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. President Joe Biden said he does not believe an economic recession is inevitable in the U.S. Biden, in Tokyo, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.” (May 23) Biden: Recession in the US not inevitable