Janet Yellen, Treasury Secretary, ruled that out

US Treasury Secretary Janet Yellen On Tuesday, February 27, he ruled that out The country's economy is entering a recession He stressed that the prospects for this year are good, with Inflation and unemployment fell to about 4%.

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In a press conference in the Brazilian city of Sao Paulo, prior to his participation in the meeting of finance ministers of countries around the world G20, Yellen stressed,Resilience“From where his country is going, in his opinion.”Very good“In the economic field.

“We have good prospects” – said the senior official who pointed this out The United States grows 3.1% in 2023 The value is higher than initial expectations.

Regarding inflation, he indicated that it is declining after the “tremendous progress” witnessed in recent months, which he hopes will continue in 2024. With the aim of prices reaching the specified targets.

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He emphasized that he Joe Biden's government We would not be surprised if economic growth this year is less than 3%. But they reiterated that they “certainly” do not expect a recession.

Yellen acknowledged that “many expectations” point to recession, based on the path of inflation, but noted that… Prices fell without economic activity suffering excessively.

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He attributed this phenomenon to the fact that the inflationary escalation in recent years was the result of “Disturbances“What kind? Covid-19 pandemic And “It took a long time“Until they disperse.

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