News analysis

With eye on re-election, Trump's team talks up economic strength

President, officials reject recession fears as trade war bites, cite positive data even as economists expect otherwise

One should not be afraid of being optimistic, US economic adviser Larry Kudlow told Fox News on Sunday, as he played down growing fears of a recession.

Amid concerns that an economic downturn could jeopardise President Donald Trump's 2020 re-election bid, Mr Kudlow also told NBC on its Meet the Press show he did not see a recession happening. "Consumers are working at higher wages," he said. "They are spending at a rapid pace."

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A version of this article appeared in the print edition of The Straits Times on August 21, 2019, with the headline 'With eye on re-election, Trump's team talks up economic strength'. Print Edition | Subscribe