Udayavni Special

US making a fast comeback in fourth quarter and next years will be phenomenal: Trump

Team Udayavani, Apr 28, 2020, 7:42 AM IST

Washington: With several states taking steps to reopen businesses, which were abruptly shut down due to coronavirus, US President Donald Trump exuded confidence that the fourth quarter of this year and the next year would be “phenomenal” in terms of economic growth.

He also slammed “one country” for the economic slowdown due to the virus, which originated in China in mid-November and swirled through the world, killing at least 2 lakh people, mostly in the US.

Nobody except one country can be held accountable for what happened. Nobody is letting anybody here. We’re looking at a group of people that should have stopped it at the source, Trump said.

Now we’re making a comeback… I can tell you the third and fourth quarter, in particular, are going to be I think spectacular. We were talking about with the executives. I think we’re going to have a phenomenal third quarter, Trump told reporters on Monday.

Both the International Monetary Fund and the World Bank has said that the American economy is in recession. A top White House official told reporters that the US is likely to experience a 20-30 per cent decline in the GDP in the second quarter, the worst since the Great Depression.

Trump said the US economy would not do well in the second quarter, but will pick up in the third.

What we are doing is I think you’re going to see a big rise in the third, but you’re going to see an incredible fourth quarter and you’re going to have an incredible next year. I think you’re going to have a recovery, he said.

The president exuded confidence as several states started talking step to open up their economy and there were signs in decline in the death rates and new cases of coronavirus.

We continue to see encouraging signs of progress; cases in New York area, New Orleans, Detroit, Boston, and Houston are declining. Denver, Seattle, Philadelphia, Washington DC, Atlanta, Nashville, Indianapolis, and St. Louis are all stable and declining, he said.

All parts of the country are either in good shape,.in all cases getting better and we are seeing very little that we are going to look at as a superseding hotspot. Things are moving along. Really a horrible situation that we have been confronted with, but they are moving along, he said.

As we express our gratitude for these hard-fought gains, however, we continue to mourn with thousands of families across the country is loved ones have been stolen from us by the invisible enemy. We grieve by their side as one family. This great American family and we do grieve, he said.

By Monday, more that 56,000 Americans had died due to the virus and over 10 lakh people have tested positive for COVID-19. The United States tops in the list of deaths and cases in the world.

We also stand in solidarity with the thousands of Americans who are ill and waging a brave fight against the virus. We are doing everything in our power to heal the sick and to gradually reopen our nation and to safely get our people back to work. They want to get back to work, and they want to get back to work soon. There is a hunger for getting our country back, and it is happening, and it is happening faster than people would think, he said.

Responding to questions, Trump said his administration is recommending states to reopen their economies as quickly as possible but safely.

We want everyone to be safe and I think you are seeing that. You’re seeing a lot of governors get out and they want to open it up. Many are thinking about their school system not a long way to go in the school system right now for this season, for this year but I think you will see a lot of schools open up even if it’s for a very short period of time, he said.

I think it would be a good thing because as you see in terms of what this vicious virus goes after young people seem to do very well. Young people seem to do very well. So I know that there are some governors that aren’t necessarily ready to open up their states but they may be ready to open up their school systems. We will see but that is their choice. But the word is safety. Rapid but safety, said the president.

I built the greatest economy in the history of the world. And one day, because of something that should have never been allowed to happen, we had to close our country. We had to close our economy, Trump said.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

K’taka COVID-19 update: 1870 new cases, 1949 discharges, 17 deaths on Nov 23

Cyclone Nivar: 1200 rescue troopers deployed, 800 on standby, says NDRF chief

Govt of India blocks 43 more Chinese mobile apps, including AliExpress, Alipay Cashier, CamCard

Russia says Sputnik V vaccine over 95 pc effective against COVID-19

Guard against laxity in Covid-19 fight; bring fatality rate under 1%: PM Modi to CMs

India successfully test-fires land-attack version of BrahMos supersonic cruise missile

No FIRs to be launched on basis of amendment brought to Police Act: Kerala govt to HC

Related Articles More

K’taka COVID-19 update: 1870 new cases, 1949 discharges, 17 deaths on Nov 23

Thanksgiving could be make-or-break in US virus response

COVID-19 vaccine: India Aatmanirbhar for syringes, says industry

Karnataka is well prepared for COVID-19 vaccine delivery: Sudhakar

COVID-19: One crore frontline healthcare workers identified to receive vaccine in first phase


A bike rider dies in a lorry crash : The scene of the accident was captured on CCTV

Moodbidri: Four people drowned in Shambhavi river

1348 new vented dams in K’taka’s coastal districts: J.C. Madhu Swamy

Karavali gets introduced to Japanese ‘kokedama’ art

Road Ashram’ campaign to study the effects of the novel coronavirus

Latest Additions

Give ST status to Kuruba community: K’taka delegation to Centre

Kerala Moves SC Against Centre’s Decision to Lease Thiruvananthapuram Airport to Adani Enterprises

K’taka COVID-19 update: 1870 new cases, 1949 discharges, 17 deaths on Nov 23

US embassy delegation meets NC leader in Jammu

PM Modi to Address All India Presiding Officers Conference on Thursday

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.