I hate to predict such things, he replied in an interview with Fox News when asked about a possible downturn or slowdown in the economy.
The week has been volatile and uncertain on the stock exchange in New York with significant declines on all three leading indexes. This after, among other things, Trump's sharp turns in tariff policy towards the rest of the world, primarily against neighboring countries Canada and Mexico.
Even on the interest rate and currency markets, it has been turbulent, but Trump claims that it is about temporary potholes on the road, reports AFP.
This is a transition period, since what we're doing is very big – we're taking back wealth to America, he said and added:
It takes a little time.
An analysis from the central bank Federal Reserve (Fed) warns that GDP growth in the country during the first quarter of the year may be the worst since the covid-19 pandemic.
Trade Minister Howard Lutnick was even more confident than the president when he too was asked by the media company NBC about a recession lurking around the corner.
Absolute not, replied Lutnick.
