Trump said the US may be in recession, but the economy will "get back to normal" in the future

President Donald Trump said that short-term economic difficulties in the United States, including a possible recession, do not cause him concern, because in the long term the country has a "brilliant" future. He expressed this opinion in an interview on NBC's Meet the Press programme, calling the current period of economic fluctuations a transitional one.

Anything is possible, but I'm sure that the US economy will be the greatest in the history of the country," Trump emphasised.

Responding to a journalist's question about a possible recession, the White House head said he was not alarmed about it.

The journalists reminded him that in the first quarter of 2025, the US recorded a 0.3 per cent annualised decline in GDP, the first drop in the last three years. To which Trump replied that, his predecessor Joe Biden was responsible for the economic downturn.

When we took office in January, the economy had already been hit by Biden's decisions. These are his numbers, not mine," he emphasised.

A recession is traditionally considered a decline in GDP for two consecutive quarters. However, the US is also guided by the criteria of the National Bureau of Economic Research (NBER), which views a recession as a large-scale and sustained slowdown in economic activity that affects the entire market and lasts for more than a few months.

An example is early 2020, when even a brief but deep decline in the economy was recognised as a recession. Given the influence of the U.S. economy on global markets, a possible recession could affect global growth.