Trump: US economy 'may be' sliding into recession
By Sylvan Lane and Brett Samuels - 03/16/20 04:02 PM EDT
President Trump on Monday said the U.S. economy could be slowing into a recession as businesses across the country shutter to slow the spread of the coronavirus pandemic.
"It may be," Trump said during a Monday press conference, adding he was focused more on the virus than the economy.
"I think there's a tremendous pent-up demand both in terms of the stock market and in terms of the economy," Trump continued. "Once this goes away, once it goes through and we’re done with it, I think you’re going to see a tremendous surge."
Even so, Trump acknowledged that the virus could continue to spread through August and hinder economic activity through the summer.
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https://thehill.com/policy/finance/487872-trump-us-economy-may-be-sliding-into-recession