Joe Biden on the possibility of recession (2022)

I don’t think there will be a recession.  If it is, it will be a very slight recession.  Look, it’s possible. I don’t anticipate it.

~ President Joe Biden, interview with CNN’s Jake Tapper, October 11, 2022 

(Biden’s take came as the International Monetary Fund, a global lender, downgraded its outlook for the world economy and warned of “storm clouds” gathering — among them “persistent” inflation, the fallout from the Ukraine war and a slowdown in China’s property market impacting the global economy.)