Category
đź—ž
NewsTranscript
00:00So Trump is saying short, sharp pain, that's what he's telling people, for long-term gain when it comes to the economy.
00:08Can U.S. consumers expect higher prices for goods?
00:12And are people currently nervous about spending money in the U.S. because of the economic uncertainty that they're facing?
00:19Yeah, we've seen the numbers yesterday when it comes to Michigan Survey Consumer Confidence Index.
00:26It fell to its lowest level since five years.
00:30We've seen as well the Conference Board Index, its lowest level since 11 years.
00:36Of course, consumers are worried and we know that we are in a service economy, the states, and it matters a lot.
00:45Of course, inflation is a major factor.
00:49And I guess President Trump has to take it into consideration.
00:54Otherwise, if the situation is going to go out of hand, so the recession might be around.
01:02So although they're saying in case there will be a recession, it's going to be a mild recession.