White House economic advisor: Expected to barely enter positive growth in Q1, uncertainty in trade policy will be resolved in early April
ChainCatcher news, according to Jinshi, U.S. White House economic advisor Hassett expressed optimism about the U.S. economy, stating that the first quarter's growth is related to the legacy issues of former U.S. President Biden's administration and the timing of tariffs under President Trump.
Trump's trade policies are beginning to yield expected results, bringing manufacturing and jobs back to the U.S. Discussions about a recession should be approached with caution, as the first quarter is expected to barely enter positive growth territory. The uncertainty surrounding trade policies is expected to be resolved in early April.
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