"No, I don't see a recession. And let's just add one topic … Only one topic. In my opinion, we're doing pretty well, let's not be afraid of optimism," Larry Kudlow, White House chief economic adviser, said by NBC's Chuck Todd for "Meet The Press." In a separate statement on Fox News Sunday, Kudlov told host Dana Perino that he saw no recession "at all."
White House Commerce Advisor Peter Navarro similarly eliminated fears of an impending recession, telling CNN's Jake Tapper that "Union of the Union" is a yield curve – a critical economic indicator related to U.S. government bond bonds, which, when reversed, is often preceded by recessions ̵
1; was not technically reversed last week.
The comments of the two employees come amid growing fear of global economic slowdown that could potentially threaten the Offer about reelecting Trump The economy was an important conversation for the president, who often cites his growth as a way to increase the popularity of his administration. Although the US economy remains stable, so far, five of the largest economies in the world are at risk of recession, and Wall Street whip week has raised concerns that the US economy may be dragged down as well.
Since Trump took office, the stock market has reached record levels and unemployment has remained at a historically low level. But any number of factors can lead to a decline in the United States, including Trump's trade policy, weakening global economy, diminishing tax cuts in 2017, or even the risk of deflation.
Trump wrote on Twitter
on Sunday that the US economy is "the best in the world", also claiming that " Ready for big growth after trade deals are completed. "
Earlier Sunday, the two officials tried to draw a positive attention to the US economy, as Navarro told Tapper: "What we see now is foreign capital coming into the best game of the globe, which is Trump's economy. our stock market. "
Kudlow also wants to focus on Trump's economic gains, telling NBC:" We had some blockbuster retail sales, consumer numbers at the end of last week. Really a blockbuster number. "
said that despite worries about the volatile stock market, "most Wall Street economists are making their third and fourth quarter projections by the end of the week. This is in line with our view."