Trump says US will experience 'period of transition' when asked if economy could see a recession this year
1. Commerce Secretary insists there's 'no chance' of an economic decline. 2. Trump acknowledges a 'period of transition' but avoids predicting recession. 3. Atlanta Fed predicts a -2.8% contraction in Q1; Goldman Sachs sees 20% recession likelihood. 4. JP Morgan suggests a 35% chance of recession within a year. 5. Overall, government statements are conflicting regarding economic stability.