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The Independent UK
The Independent UK
National
Via AP news wire

Biden bets strong job market will shield economy from slump

Copyright 2022 The Associated Press. All rights reserved.

The U.S. economy faces plenty of threats: War in Ukraine, high grocery bills, spiking gasoline prices, splintered supply chains, the lingering pandemic and rising interest rates that slow growth.

The Biden White House is betting the U.S. economy is strong enough to withstand these threats, but there are growing fears of a coming economic slump among voters and some Wall Street analysts.

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