President Biden said Tuesday that the US economy may see a “slight recession” but that he still believes he would “beat Donald Trump again” in 2024.

Biden denied the economy is in the midst of a recession — despite meeting the standard definition of two consecutive quarters of contraction — but acknowledged a downturn could happen in an interview on CNN.

“I don’t think there will be a recession. If it is, it’ll be a very slight recession. That is, we’ll move down slightly,” Biden told Jake Tapper in the taped, 15-minute interview.

Tapper followed up, “you just said that a slight recession is possible.”

“It is possible. Look, it’s possible. I don’t anticipate it,” Biden said.

The US gross domestic product shrank by 0.9% in the second quarter of 2022 after decreasing by 1.6% in the first quarter, but Biden aides insist that the country isn’t in a recession because of data showing historically low unemployment and the lack of dramatic business woes.