US EditionTrump downplays recession fears, saying the U.S. would be 'OK' in the long term
- President Donald Trump downplayed fears of a recession on May 2, 2025, after U.S. Data showed a GDP decline in the first quarter and slower job growth in April.
- Trump linked the economic slowdown to a 'transition period' driven by his tariff policies, which some economists say could raise inflation and slow growth.
- The Commerce Department announced a 0.3% annualized decrease in GDP, marking the economy's first quarterly contraction since 2022, primarily due to a drop in exports alongside businesses accelerating imports ahead of tariff implementation.
- Trump said in interviews and social media posts, 'Look, yeah, everything's OK,' and predicted the economy will do 'fantastically' despite short-term challenges.
- The situation implies ongoing economic uncertainty, with Trump accepting short-term disruption as part of his strategy while public approval falls amid growing concern over recession risks.
58 Articles
58 Articles
Trump continues to promise "the greatest economic boom in history"
In the U.S., further tariffs have entered into force - on car parts. Although US companies are suffering massively from customs policy, President Trump repeated his prophecy that the U.S. was facing an economic boom.
Trump says US economy to boom but acknowledges recession risk
WASHINGTON, United States — President Donald Trump insisted Friday that his policies will bring a boom in the US economy even as he acknowledged the possibility of a recession. The US economy, the world’s largest, unexpectedly contracted in the first three months of the year as Trump began his plans for sweeping tariffs. “This is
"It's going to be great": Donald Trump assures that the economy will take off but recognizes a risk of recession
The U.S. gross domestic product contracted in the first quarter of 2025 for the beginning of the President's second term, according to figures published on Wednesday.
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