Trump: US economy enters' transition period ', refuses to predict possibility of recession

BlockBeats News: On March 10th, US President Trump refused to rule out the possibility that the US economy will shrink and enter a recession this year, and acknowledged that his comprehensive economic agenda may cause short-term turbulence, but he believes it will drive future prosperity. In an interview with Fox News' "Sunday Morning Futures," Trump was asked if he expected an economic recession this year, and he replied, "I hate predicting things like that. There's a transitional period because what we're doing is very big. We're bringing wealth back to America, and that's a big deal On the other hand, US Commerce Secretary Lutnik ruled out the possibility of economic contraction in his televised speech last Sunday. He said on NBC News' "Meet the Press" program, "The United States will not experience an economic recession. Since the outbreak of the pandemic in 2020, the US economy has never fallen into a recession