The USA has entered a recession, New York Mayor Eric Adams said, contradicting earlier claims by President Joe Biden that the economy is on the right path.

We are in a financial crisis like you can never imagine and Wall Street is collapsing, because we are in a recession, Adams said at a New York event hosted by nonprofit Project Hospitality, as cited by Hamodia news outlet.

https://i0.wp.com/0901.static.prezi.com/preview/v2/ktofmitzv5dlezdvy5mvnpi76l6jc3sachvcdoaizecfr3dnitcq_1_0.png?resize=696%2C435&ssl=1

The top city official’s statements come in contrast with the assurances that Biden gave earlier the same day, stating that despite the fact the economy is slowing down, Washington’s efforts to battle soaring inflation in the country put it on the right path.

Both Adams and Biden were commenting on official figures released earlier on Thursday that showed that the US economy has shrunk for two consecutive quarters, which is considered a sign of a recession.

The New York mayor later amended his words, however, stating that it is the president’s prerogative to describe the state of the economy. We’re dealing with tough economic times, but we’re going to get through it, because I trust in the president.

RT. com / ABC Flash Point News 2022.

5 2 votes
Article Rating
Subscribe
Notify of
guest

5 Comments
Inline Feedbacks
View all comments
Steely Dan
Steely Dan
Guest
30-07-22 17:07

Probably YES, will happen sooner than The American government and President are ignoring denying it just to hold their grip on power !

Lama
Lama
Guest
Reply to  Steely Dan
30-07-22 17:08

comment image

Vman
Vman
Guest
30-07-22 17:08

Someone needs to explain what a recession is to the Democrats, especially Biden…He thinks it a break between classes like at grade school.

Margsview
Margsview
Guest
30-07-22 17:09

Oh, and there are annually inserted bank bailout clauses where taxpayers/or/customers pay to save the banks —just like in 2008 —the fraud-not-dealt-with-period.

Bullseye
Bullseye
Guest
30-07-22 19:00

The dollar is at a kindly historic height, but that is because the Zionist networks control the global institutions and the media, so the truth is something else.