White House's Top Economic Aide Believes US Economy Will Avoid Recession In Near Future
Umer Jamshaid Published August 18, 2019 | 10:00 PM
WASHINGTON (UrduPoint News / Sputnik - 18th August, 2019) White House chief economic adviser, Larry Kudlow, does not expect a recession in the US economy in the near future.
"I surely do not see a recession ... Consumers are working at higher wages. They are spending at a rapid pace.
They are actually saving also while they are spending. That's ideal situation. So I think actually, in the second half the economy is going to be very good in 2019. No, I do not see a recession," Kudlow said in an interview with the NBC news.
Kudlow's remarks were made amid market instability and concerns caused by US trade war with China.
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