3/19, 4:56 PM (Source: TeleTrader)
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Hassett: Trump admin confident economy will grow

Chairman of the White House Council of Economic Advisors Kevin Hassett (pictured) stated on Tuesday during a press conference that United States President Donald Trump's administration sees the state of the country's economy as strong. The economic adviser also highlighted that the administration is optimistic when it comes to the impact of policies.

"We're watching closely, especially Europe, which seems very close to recession in part over uncertainty due to Brexit," Hassett said regarding the potential of a global slowdown.

Turning to the topic of recession, White House chief economist said that the administration is confident the economy will grow, underlining, however, that a recession is "not impossible" next year.

Breaking the News / BM