The US Treasury said the country’s economy can avoid recession

The US economy can avoid recession, even through a strong labor market, Treasury Secretary Janet Yellen said on February 23 at a press conference dedicated to the G20 meeting of finance ministers and central bank governors. in Bangalore, India. The transcript of the minister’s speech was published by the department’s press service.

“Our economy remains strong. On an annualized basis, inflation has slowed in recent months as pressure on supply chains eased and global imbalances narrowed. At the same time, our job market remains strong. In January, unemployment in the United States hit a low not seen in more than half a century.– she said.

According to Yellen, the progress of the global macroeconomy is the result of collective work. This phenomenon, she believes, highlights the importance of redoubling our efforts in the future. She called the G20 an important platform for macroeconomic cooperation.

Source: Rossa Primavera