U.S. believes its GDP to grow faster than China's this year

U.S. President Joe Biden says he does not believe an economic recession in the U.S. is inevitable despite record high inflation and supply shortages.

“The fact that the United States will grow faster than China this year, for the first time since 1976, is a quite striking example of how countries in this region should be looking at the question of trends and trajectories,” said White House national security adviser Jake Sullivan.

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