Trump Declines To Rule Out 2025 US Recession

US President Donald Trump declined in an interview aired on March 9 to rule out the possibility that the US might enter a recession in 2025.

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WASHINGTON – US President Donald Trump declined in an interview aired on March 9 to rule out the possibility that the US might enter a recession in 2025.

"I hate to predict things like that," he told a Fox News interviewer when asked directly about a possible recession in 2025.

"There is a period of transition, because what we're doing is very big – we're bringing wealth back to America," he said. "It takes a little time."

But Commerce Secretary Howard Lutnick was more definitive when asked on March 9 about the possibility of a recession.

"Absolutely not," he told NBC's Meet the Press when asked whether Americans should brace themselves for a downturn.

Mr Trump's on-again, off-again tariff threats against Canada, Mexico, China and others have left the US financial markets in turmoil and consumers unsure what the year might bring.

Stock markets just ended their worst week since the election in November 2024.