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Trump predicts 'spectacular' economic rebound

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Trump predicts 'spectacular' economic rebound

66 views | May 01, 2020, 04:24:29 PM | AP

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President Donald Trump continued to offer a rosy outlook on the US economy, despite bleak new unemployment numbers showing the number of Americans filing for unemployment benefits has climbed past a staggering 30 million. The government also estimated this week that the U.S. economy is expected to contract in the April-June quarter by as much as 40% at an annual rate. Speaking to reporters in the Oval Office during a meeting with New Jersey Gov. Phil Murphy, Trump said he's anticipating a major rebound in the coming months and a "spectacular" 2021. "I feel it. I feel it," Trump said. "I think sometimes what I feel is better than what I think." The comments are the latest sign that Trump is trying to turn the page on the virus, even as the nation's death toll continues to climb and jobless claims rise. Trump had been hoping to ride a strong economy into another four-year term, but the virus and the economic damage it has wrought upended that strategy.

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