Joe Biden

The US economy will not enter a recession following late 2022 (or, if it does, the recession will be very mild).

“I don't think there will be a recession. If it is, it will be a very slight recession.”

Said on

11 October 2022 · Interview with Jake Tapper on CNN

Source

Biden acknowledges a 'slight recession' is possible, even if he doesn't think it'll happen · CNN (via ABC17 News)

Should come true

No date given

How sure they sounded

I don't think

Categories

Economy

Importance

3 of 5 · A US recession affects employment and incomes across the country.

Outcome

Accurate

No window was stated; inferred window about 2 years (through 2024). No US recession followed: real GDP grew in every year after the statement, including 2.8% in 2024 per BEA, and no recession has been dated for that period.

Evidence:

• https://www.bea.gov/news/2025/gross-domestic-product-4th-quarter-and-year-2024-third-estimate-gdp-industry-and