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.
India is inspecting facilities of spice makers MDH and Everest for compliance with quality standards after sales of some of their products were halted in Hong Kong and Singapore for allegedly containing high levels of a cancer-causing pesticide.
Israel is poised to send troops into Rafah, the Gazan city it sees as the last bastion of Hamas, Israeli media reported on Wednesday, saying preparations were under way to evacuate war-displaced Palestinian civilians who have been sheltering there.
A Russian court on Wednesday ordered one of Defence Minister Sergei Shoigu's deputies be kept in custody on suspicion of taking bribes, the highest-profile corruption case since President Vladimir Putin sent troops into Ukraine in 2022.
Former Japanese Prime Minister Taro Aso, a senior figure in the country's ruling party, met with Donald Trump on Tuesday, becoming the latest US ally seeking to establish ties with the Republican presidential candidate.
Russian missiles damaged residential buildings and injured six people in Ukraine's second-largest city, Kharkiv, early on Wednesday, Governor Oleh Synehubov said on Telegram.