From +3% to -2.4%! US GDP forecasts are reversal, Trump avoids talking about recession concerns

Several economic data released by the United States recently performed poorly, with U.S. stock market falling significantly last week, and market concerns about the U.S. economic recession intensified. On the 9th local time, Trump responded to related issues in an exclusive interview with the US media.

According to the latest forecast released by the Atlanta Fed last week, U.S. real GDP in the first quarter of this year will shrink by 2.4% after annualized adjustments. When Trump first took office, this model predicted the U.S. economy in the first quarter of this year to grow by about 3%. When asked about a possible recession in the U.S. economy, Trump did not make a positive rebuttal.

US President Trump: I hate predicting something like this, there will be a period of transformation, because what we are doing is a big thing, and we are bringing wealth back to the United States, which is a big thing, and it will always take a little time.

US Fox News host Bartyrom: Now we are going to impose tariffs, and the stock market has been declining.

US President Trump: Not much, to be fair, the stock market has not fallen much. What I want to do is build a strong country and not pay too much attention to the stock market.

The Trump administration's recent repeated adjustments to tariff policies have led to increasingly confusion in the American business community. Regarding whether it can be clearer on the issue of tariffs, Trump only said that some of the tariffs may be raised after April 2 over time.

American Fox News host Bartyrom: Can you give us an explanation? Will you give the business community some clear information about tariffs?

US President Trump: I think yes, but tariffs may rise over time, and I don't know if this is called predictability.

American Fox News host Bartyrom: So this is not clear.

US President Trump: It is impossible to be clear, globalization sounds good, but for many years those who advocate globalization and businesses have been exploiting the United States, and funds continue to flow out of the United States. We must take some of it back.