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The Independent UK
The Independent UK
National
Rachel Sharp

New York City Mayor Eric Adams contradicts Biden’s optimism about economy: ‘We are in a recession’

Eric Adams Joe Biden Recession Economy New York United States
Copyright 2022 The Associated Press. All rights reserved.

New York City Mayor Eric Adams has contradicted President Joe Biden’s optimism about the US economy, announcing this week that America is “in a recession” and is facing a “financial crisis like you can never imagine”.

The mayor, a Democrat, urged New Yorkers to use their money wisely during an interfaith event hosted by nonprofit Project Hospitality at Sanzer Yeshiva in Staten Island on Thursday.

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