Trump: America is in a transitional phase and is experiencing a short-term recession
US President Donald Trump stated that the United States is in a "transitional phase" and that its economic performance will be "great," while downplaying the impact that any short-term economic recession might have.
When asked during an interview with NBC News whether a short-term recession is likely, Trump said, "Well, anything is possible... we are now in a transitional phase... but I believe we will have the greatest economy in history," considering that his policies will ultimately lead to economic prosperity.
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