Mon Mar 10 06:11:54 UTC 2025: ## Trump Acknowledges Economic “Transition” Amid Recession Fears, Conflicting Signals
**Washington D.C.** – President Trump has acknowledged a period of economic “transition” amid growing market anxieties and predictions of a potential recession. His comments, made during a Sunday interview with Fox News, followed a turbulent week marked by fluctuating tariff announcements and a sharp downward revision of GDP growth projections.
While declining to definitively predict a recession, Trump attributed current economic uncertainty to his administration’s sweeping “America First” policies, suggesting that the disruption is a necessary component of bringing wealth back to the US. This statement comes against a backdrop of significant market volatility. The S&P 500 experienced its worst weekly performance since September, dropping over 3 percent. The Atlanta Federal Reserve drastically lowered its GDP growth forecast for the first quarter, predicting a contraction instead of expansion. Furthermore, Goldman Sachs increased its recession probability forecast for the next year from 15% to 20%.
These concerns were partially offset by a January jobs report showing the addition of 151,000 jobs, a figure slightly below expectations but still relatively stable. However, the President’s recent imposition and subsequent postponement of tariffs on goods from Mexico, Canada, and China added to the market’s unease.
Commerce Secretary Howard Lutnick offered a more optimistic outlook during an interview on NBC’s Meet the Press, dismissing recession talk and confidently asserting that President Trump’s policies will ultimately benefit the American people. The conflicting statements from the President and his administration highlight the ongoing debate about the current state and future trajectory of the US economy.
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