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.
Israel pounded Rafah with airstrikes and tank fire on Tuesday, pressing its offensive in Gaza's southern city despite international condemnation of an attack that sparked a blaze in a tent camp for the displaced, killing at least 45 people.
Around one million people have fled the Gazan city of Rafah in the past three weeks, the United Nations Palestinian refugee agency (UNRWA) said on Tuesday.
Torrential rains brought by cyclone Remal caused a collapse in a stone quarry in India's state of Mizoram, killing 15 people and trapping seven, while eight more have died in landslides and other accidents elsewhere in the remote region.
North Korea said its attempt to launch a new military reconnaissance satellite ended in failure on Monday when a newly developed rocket engine exploded in flight.
More than 2,000 people could be buried alive by a massive landslide in Papua New Guinea last week, the government said on Monday, as treacherous terrain and the difficulty of getting aid to the site raises the risk few survivors will be found.
Powerful storms killed at least 18 people, injured hundreds and left a wide trail of destruction across Texas, Oklahoma and Arkansas after obliterating homes and destroying a truck stop where dozens sought shelter in a restroom during the latest deadly weather to strike the central US.
Strong winds and heavy rain pounded the coastal regions of Bangladesh and India as severe cyclone Remal made landfall on Sunday, leaving millions without electricity after power poles fell and trees were uprooted by gusty winds.
About 200 aid trucks, including four fuel trucks, are expected to enter Gaza through the Kerem Shalom border crossing, Khaled Zayed, the head of the Egyptian Red Crescent Society in North Sinai, told Reuters.
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Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!
Welcome to Pinoy Bulletin, your go-to source for staying informed about important announcements, exciting group activities, community events, and job opportunities!