💨 Abstract

President Trump counselled patience and claimed victory, while blaming the first-quarter U.S. economic contraction on imports, inventories, and government spending, not on his own tariffs. Economists predict a rebound due to robust consumer spending and private investment, but fears of a recession persist, especially given Trump's global trade war. The varying explanations come as Trump's popularity and approval of his economic stewardship decline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖