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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