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The Independent UK
The Independent UK
National
Via AP news wire

Yellen: Recession not inevitable, gas tax holiday weighed

Copyright 2022 The Associated Press. All rights reserved.

Treasury Secretary Janet Yellen said Sunday that she expects the U.S. economy to slow in the months ahead, but that a recession is not inevitable.

Yellen offered a dose of optimism even as economists grow increasingly worried about an recession fueled by skyrocketing inflation and the Russian invasion of Ukraine.

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