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Biden says recession not inevitable as he readies Indo-Pacific trade pact

Meeting with Kishida, Biden said the new framework would also increase US cooperation with other nations in the region

US President Joe Biden in Tokyo, Japan ahead of Quad summit. (Photo: Reuters)

US President Joe Biden (Photo: Reuters)

President Joe Biden promised “concrete benefits” would emerge from a new Indo-Pacific trade framework he’s launching Monday even as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief. He said he does not believe an economic recession is inevitable in the US.

Biden, speaking at a news conference after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the US economy has “problems” but said they were “less conse­quential than the rest of the world has.” He added: “This is going to be a haul. This is going to take some

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First Published: May 24 2022 | 12:57 AM IST

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