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.
105 Articles
105 Articles
“It’s a good time to buy shares”: Can Trump be accused of insider trading?
“It’s a good time to buy.” If this phrase is said by the neighborhood’s fruit grower, it doesn’t have much relevance. But the thing changes if Donald Trump posts it on social media. The US president did it a few hours before postponing the entry into force of his controversial tariff policy for all, announced a bombo and saucer on the “day of liberation” and that he dyed the world’s stock exchanges red for several sessions. However, after confir…
Trump Turns the Tables on Kristen Welker When Questioned About Possible Recession - News Addicts
President Trump sat down for a one-on-one interview at Mar-a-Lago with NBC’s “Meet the Press” far-left host Kristen Welker. Welker repeatedly asked President Trump about a possible recession. “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.” “Some people on Wall Street […] The post Watch: Trump Turns the Tables on Kristen Welker When Questioned About Possible Recession…
Trump on if US will enter a recession: 'Anything can happen'
(The Hill) — President Trump weighed in on whether the U.S. will enter a recession, saying during an interview that “anything can happen,” but argued country’s economic state will be “OK” in the long-term. Trump, during an interview with NBC’s “Meet The Press” that will air in full on Sunday, first dismissed concerns about the nation entering a recession. “Remember this. Look, yeah, it's everything's okay. What we are. I said, this is a transit…
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