The President of the United States of America, Joe Biden, said Monday that his country will not suffer a recession, in a week when the growth figures of the federal economy will be released, which may show a contraction for the second consecutive quarter.

"I don't think we will have a recession," Joe Biden told the media, according to the France-Presse news agency (AFP).

For the US head of state, the good employment figures could contribute to a reversal of the growth recorded in the first quarter of the year, when it contracted by 1.4% on an annualized basis.

Treasury Secretary Janet Yellen also expressed optimism that the US will be able to avoid a recession in the coming months, attributing it to a healthy labor market and consumer spending.

On July 19, despite considering that an economic slowdown is inevitable, Yellen noted that a recession "is not compatible with the kind of labor market" experienced in the country.

The growth of the US gross domestic product (GDP) in the second quarter will be released on Thursday.

In April, the Commerce Department estimated that the US economy contracted by 1.4% in the first quarter, versus forecasts of 1.1% growth.

The country is considered to be in recession after two consecutive quarters of negative growth. (Lusa via RTP)