New York Mayor Adams speaks of a serious financial crisis in the United States

He made the corresponding statement at an event in Staten Island, writes the New York Post.

"We're in a financial crisis like you can't even imagine," Adams said.

According to him, "Wall Street is collapsing" and the US is in recession.

Earlier, US President Joe Biden said that the country's economy will not enter a recession.

He also expressed hope that the US economy will move "from rapid growth to sustainable growth."