Originally posted by the Voice of America.
Voice of America content is produced by the Voice of America,
a United States federal government-sponsored entity, and is in
the public domain.


US Treasury Chief: No Recession on Horizon

Ken Bredemeier

   WASHINGTON - U.S. Treasury Secretary Steven Mnuchin said Monday he sees
   no threat of a U.S. recession, even as several indicators appear to be
   signaling that the world's largest economy is slowing.

   Job growth in the U.S. slowed to 130,000 in August, well below the
   223,000 average monthly gain in 2018. The U.S. economy advanced at a
   yearly rate of 2% in the April-to-June period, down from the 3.1%
   expansion in the first three months of the year.

   The data, along with falling business investment and ongoing trade
   disputes with China and Europe, have fueled talk of a U.S. economic
   downturn. But Mnuchin told Fox News, "I don't see in any way a
   recession."

   He said, "There's no question there's been a considerable slowdown in
   the world economy both in China and in Europe. But as you look at the
   U.S., we continued to be the bright spot. We have not seen any impact
   on the U.S. economy." he added.
   

References

   Visible links
   Hidden links:
   1. file://localhost/economy-business/trump-us-very-far-recession

.