Listen to this articleU.S President Donald Trump has signaled the coronavirus outburst could threaten his re-election bid. He said the ailment’s spread could down the U.S economy into a recession. President Trump delivered his words in candid remarks during a White House press conference. He said, “Well, it may be. We have an invisible enemy. We have a problem that, a month ago, nobody thought about. I’ve seen all of the other problems similar to the one we have. This one’s a bad one”. It is noteworthy that the Election Day is just 8-months away. Trump said for the first time that the Covid-19 outburst could last until July or August 2020. Trump said on Saturday, the country could be dealing with its slow shutdown for 8-weeks.
Trump also defied critics who have called his response slow and incomplete by rating his performance since the outbreak hit the United States. Trump indicated he seeks to take a hands-off role in reversing the recent slide. He said, “The market will take care of itself. The best thing I can do for the stock market is we can get through this crisis”. He added, “I think the media has been fair on this”. A significant number in the increase of coronavirus case has left the door open to a recession. Trump also described the economy as mostly strong and suggested the stock markets will be fine.
President Trump said it is not under control for any place in the world, in spite of a day earlier saying it was under total control in America. But, he claimed on Monday that he was referring to having control over the federal response. He also said this virus is so bad because of how contagious it is. Trump said he senses a tremendous pent-up demand inside the economy that would take the Dow Jones Industrial Average and other markets back to record levels post-coronavirus. He said, “Once this goes away. I think you’re going to see a tremendous surge”.
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