In a CNN interview which took place on Tuesday, Oct 11, 2022, when asked by CNN journalist Jake Tapper:
Should American people prepare for a recession?
Joe Biden responded with:
I don’t think there will be a recession—if it is, it’ll be a very slight recession.
The video of this exchange can be viewed below.
A recession is typically and historically defined as two quarters of negative GDP growth. In the first quarter of 2022, the GDP declined by 1.6%, in the second quarter of 2022, the GDP declined by 0.6. This meets the generally accepted requirements of what a recession is.