Donald Trump reassures markets about risk of US falling into a recession, says economy doing "tremendously well"

Last Updated: Aug 19 2019 19:13
Reading time: 0 mins, 23 secs

United States President Donald Trump said that the US economy is doing "tremendously well" and tried to reassure markets about the risk of the US falling into a recession.

He said that he did not see a recession.

White House economic adviser Larry Kudlow also said there was "no recession in sight".

Last week, financial markets indicated a recession could be on the way.

This "inverted yield curve" often comes before a recession or at least a significant slowdown in economic growth.