Trump declines to rule out 2025 US recession; commerce secretary says ‘absolutely not’
Donald Trump declined to rule out a potential US recession this year. While not directly predicting a recession in 2025, he acknowledged a "period of transition" as the US works to bring wealth back to America, implying that economic adjustments are underway.
This stance contrasts with that of Trump's Commerce Secretary, Howard Lutnick, who firmly stated "absolutely not" when asked about the possibility of a recession. Trump's intermittent tariff threats against various countries have contributed to market instability and consumer uncertainty, creating a complex economic outlook.
via SCMP Full Text Feed
Donald Trump declined to rule out a potential US recession this year. While not directly predicting a recession in 2025, he acknowledged a "period of transition" as the US works to bring wealth back to America, implying that economic adjustments are underway.
This stance contrasts with that of Trump's Commerce Secretary, Howard Lutnick, who firmly stated "absolutely not" when asked about the possibility of a recession. Trump's intermittent tariff threats against various countries have contributed to market instability and consumer uncertainty, creating a complex economic outlook.
via SCMP Full Text Feed
