The US economy has seen a decline at the beginning of the tenure of US President Donald Trump. In the first quarter of 2025, GDP has seen a decline of 0.3 per cent. This is the first time in 3 years. The US economy increased at a rate of 2.4 percent in the last quarter of the previous year. In the midst of all this, Trump’s statement has also come out on the possibility of recession.
What did Trump say on the possibility of recession?
Donald Trump dismissed the growing fears of the recession and said that the pain of a few days is fine, provided his policies strengthen their roots. He says that his tariff scheme will give a big boost to the US economy. Talking to ‘NCB’ News, he said, “This is a transition period and I think we will perform well.”
American economy
Trump was asked if he agrees with the fact that if he could not meet his set goals, his country would be in recession for some time. Responding to this, Trump said that some people on Wall Street had said that America’s economy would be the greatest in history. Why are you not talking about it? Trump said that anything can happen when he is worried about the recession.
Financial markets upheaval
Trump said that I think our economy will be the largest in the history of our country. I think our country will experience the biggest economic bounce in history. It is noteworthy here that after the order of the trump to impose tariffs on imports, there is a lot of upheaval in the financial markets. Jobs have also become stable due to the rise in share prices.
