‘I do not like to predict such a prediction …’, President Donald Trump said on the question of recession in America this year
President Donald Trump did not rule out the possibility of recession in the US this year during an interview on Sunday. When asked about the possibility of recession in 2025, he told Fox News, “I do not like to predict such things. It is a period of change, because what we are doing is very big. We are bringing back money in America. It takes some time.”
On Sunday, when asked about the possibility of recession, the Commerce Secretary in Trump Administration Howard Lanik gave a more clear answer. When asked if Americans should be ready for the recession, they said in the NBC Meat the Press, “Not at all.”
Let us know that Trump’s tariff policies on Canada, Mexico, China and other countries have created uncertainty in financial markets. Since the election in November, there is a steady decline in stock markets. Consumers’ confidence has declined, because buyers, who are already facing inflation, are fearing the increased prices due to tariffs.
Sorting in the government sector under the leadership of Trump’s advisor Alan Musk has also increased concern. Economic indicators have sent mixed indications. A widely followed by the Atlanta Federal Reserve has estimated a decline of 2.4 percent in the actual GDP growth for the first quarter, which will be the weakest performance since the Kovid-19 epidemic.
Trump’s changing tariff policies have promoted uncertainty. Effective dates have changed and the targeted areas have been diversity, due to which business and investors are uncertain about what is going to happen next. Trump’s Chief Economic Advisor Kevin Haset was asked on ABC News whether the tariffs are temporary or will remain in force. Haset said that it depends on the reaction of targeted countries. He said that if they are not adjusted, the tariff can become a new balance.
