President Donald Trump has dismissed concerns about a potential US recession, despite ongoing trade tensions and falling stock prices.
Speaking at the White House, Trump expressed confidence in the US economy, stating, “I don’t see a recession at all.”
He attributed the current economic challenges to his administration’s trade policies, describing them as “the hard way” to achieve economic growth.
Trump’s comments come amid a decline in stock prices, triggered by a new round of tariffs on Mexico, China, and Canada.
The tariffs have sparked concerns about a broader economic downturn.
However, Trump remains optimistic, predicting that the US economy “is in for a boom.”
It’s worth noting that experts have mixed views on the US economy’s prospects.
While some, like Goldman Sachs, predict a strong economy with a low chance of recession, others, like BCA Research, forecast a recession in 2025.