White House: 'No Recession' Despite Market Turmoil

Credit: Wochit
Published on August 18, 2019 - Duration: 00:33s

White House: 'No Recession' Despite Market Turmoil

WASHINGTON (Reuters) - White House officials pushed back on Sunday against concerns that economic growth may be faltering, saying they saw little risk of recession despite a volatile week on global bond markets, and insisting their trade war with China was doing no damage to the United States.

FILE PHOTO: White House chief economic adviser Larry Kudlow talks with reporters on the driveway outside the West Wing of the White House in Washington, U.S. August 2, 2019.

REUTERS/Carlos Barria/File Photo β€œThere is no recession in sight,” White House economic adviser Larry Kudlow said on β€œFox News Sunday.””

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