Trump dismisses recession fears, says US consumers are 'rich' and country is 'doing tremendously well'
POLITICS
Trump dismisses recession fears, says US consumers are 'rich' and country is 'doing tremendously well'
President Trump has dismissed concerns about a recession, offering an optimistic outlook for the economy.
Monday, August 19, 2019 10:56PM
WASHINGTON -- A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump's economic policies that they expect a recession in the U.S. by the end of 2021.
Thirty-four percent of economists surveyed by the National Association for Business Economics, in a report being released Monday, said they believe a slowing economy will tip into recession in 2021. That's up from 25% in a survey taken in February. Only 2% of those polled expect a recession to begin this year, while 38% predict that it will occur in 2020.
Trump, however, has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week's steep drop in the financial markets and saying on Sunday, "I don't think we're having a recession. We're doing tremendously well. Our consumers are rich, but the rest of the world is not doing well like we're doing."

americans wanted him.. Now they gotta deal with it..