uk recession
The president's remarks contradict those of his own commerce secretary, who said Americans should "absolutely not" brace for a recession this year.
The Today programme host burst the chancellor's bubble with a stark reminder of the last two years.
It comes after two quarterly contractions last year.
The minister for common sense's comments came a day after the UK went into recession.
"I absolute believe that the economy has turned a corner and we're now pointing in the right direction."
The prime minister made growing the economy one of his five pledges to voters.
Rising interest rates are still a problem.
Traffic in strip bars across the US and UK is dwindling due to the cost-of-living crisis.
But, the Bank has just raised interest rates again, following a surprise increase in inflation last month.
The economy may not be in recession yet, but all eyes are still on the housing market.