Washington-Sana
Economic Adviser to US President Joe Biden Cecilia Rose announced today that the White House is concerned about the risks of a recession in the United States.
Agence France-Presse quoted Chancellor Rose as saying in a statement to CNBC News today: "It is clear that the recession is a source of concern as the gross domestic product contracted in the first quarter of the year," noting that the reason for this was due to weak exports.
And US Treasury Secretary Janet Yellen considered last Sunday that a recession is not "inevitable" in the country, but she expected a "slowing economy" in the midst of its transition to slow and stable growth.
The annual US inflation rate in the country in the months of last June and July reached 5.4 percent, the highest rate since August 2008, as the Biden administration failed to confront this crisis, which was exacerbated by the sanctions imposed by Washington and its Western allies on Russia under the pretext of its own operation in Ukraine and its consequences. It has dire consequences of rising fuel and food prices in the world.
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