Trump Downplays Short-Term Recession, Highlights Economic Transition

Economy

Trump Downplays Short-Term Recession, Highlights Economic Transition

7 months ago

News sources:

TRTGLOBAL

HUFFPOST

REUTERS

Trump Downplays Short-Term Recession, Highlights Economic Transition

Credited from: TRTGLOBAL

Trump asserts the U.S. is in a "transition period," downplaying recession fears.
The President cites strong employment figures despite recent economic data.
While acknowledging the possibility of a recession, Trump remains optimistic about future growth.

President Donald Trump has stated that the United States is currently experiencing a "transition period" while downplaying any impact a potential short-term recession may have. During an interview with NBC News, he expressed confidence in the economy, saying, "Look, yeah, it's — everything's OK. What we are — I said, this is a transition period. I think we're going to do fantastically," according to trtglobal and huffpost.

Trump's assertions are bolstered by his social media activity, where he reiterated the notion of a transition stage, mentioning strong employment rates and urging the Federal Reserve to lower interest rates. His comments came as new data indicated a slowdown in job growth for April, while also noting that consumer spending and private investments may offer signs of economic rebound, as reported by Reuters.

huffpost and Reuters.