Trump acknowledges the possibility of recession, emphasizes that the U.S. economy is in a transitional process

While President Trump declared that anything could happen to the U.S. economy under the current circumstances, he clarified that he is not worried about a recession in the short term. "I think we will have the greatest economy in the history of the country," he declared.

President Trump acknowledged that the U.S. economy is in a transitional phase, recognizing the risks of recession.

U.S. President Donald Trump acknowledged the negative impacts that his America First trade policy, including the imposition of tariffs, could bring to the country. In a recent interview on NBC's "Meet the Press," Trump mentioned the possibility of a recession occurring in the short term and his stance on the issue.

When asked whether a recession could happen, he responded:

Anything can happen, but I think we will have the greatest economy in the history of the country.

Trump emphasized that he is not worried about it, clarifying that he is focused on finding long-term solutions to stabilize the U.S. economy. "Look, yes, everything is fine. What are we - I said, this is a transitional phase. I think we will do great," he assessed.

Trump's statements came after the negative report on the Gross Domestic Product (GDP) for the first quarter of 2025. The Department of Commerce estimated that the economy had contracted by 0.3% compared to the same period last year, with experts blaming Trump's trade policies. Trump himself dismissed these explanations, stating that the current economy is part of the legacy of former President Joe Biden, calling it "the remnants."

"We got into this in January, these are the quarterly numbers, and we got into this and I strongly oppose everything that Biden is doing regarding the economy, which is destroying our country in many ways," Trump noted in the same interview.

However, the first negative GDP result in eleven quarters has raised alarms on Wall Street about the possibility of recession. In April, before this report was published, JPMorgan estimated the likelihood of a recession at 60%, citing the aggressive tariff policies of the United States as the reason behind this.