According to BlockBeats, U.S. President Donald Trump has not ruled out the possibility of the U.S. economy contracting and entering a recession this year. He acknowledged that his comprehensive economic agenda might cause short-term disruptions but expressed confidence in its potential to drive future prosperity.
In an interview on Fox News' 'Sunday Morning Futures,' Trump was asked about the likelihood of an economic recession this year. He responded, "I hate to predict such things. There is a transition period because what we are doing is very significant. We are bringing wealth back to America, which is a big deal."
In contrast, U.S. Commerce Secretary Lutnick dismissed the possibility of an economic contraction during a television appearance last Sunday. Speaking on NBC's 'Meet the Press,' he stated, "The United States will not experience an economic recession. Since the onset of the pandemic in 2020, the U.S. economy has never fallen into recession."