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Trump predicts 'spectacular' rebound as economy plunges

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AP Washington
Last Updated : May 01 2020 | 12:58 AM IST

Trying to dispel economic gloom, President Donald Trump said Thursday he's anticipating a major rebound in the coming months and a spectacular 2021.

While economists are warning of serious long-term damage as the country plunges into recession because of the coronavirus, Trump is predicting a strong fourth quarter thanks to pent-up demand.

I think we can actually surpass where we were, Trump told reporters in the Oval Office, while allowing he was relying on his gut.

I feel it, he said. "I think sometimes what I feel is better than what I think, unfortunately or fortunately. Trump's comments came during a meeting with New Jersey Gov. Phil Murphy, a Democrats, who exchanged praise with Trump, despite past criticism. Trump said Murphy had stepped up to the plate, while Murphy said

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First Published: May 01 2020 | 12:58 AM IST

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