NEW: "What I can tell you with certainty is that we're going to have a strong economy through 2020 and beyond," White House trade adviser Peter Navarro tells @martharaddatz when asked about indicators that the U.S. could be headed for a recession https://t.co/6zUkFeHGFY pic.twitter.com/ARerN8deW2
— This Week (@ThisWeekABC) August 18, 2019
Despite Dems effort to talk down the strong economy in the hopes they can precipitate a recession.
Via The Hill:
White House trade adviser Peter Navarro on Sunday predicted that a combination of domestic and international economic factors would drive a strong U.S. economy through 2020.
“Before I came to the White House, I spent the better part of 20 years forecasting business cycle and stock market trends and what I can tell you with certainty is that we’re going to have a strong economy through 2020 and beyond with a bull market, and here’s why: things are shaping up well,” Navarro said on ABC’s “This Week.”
Though his interview followed a week of increasing fears of a recession and a jittery stock market, Navarro cited four factors he said contribute to his economic outlook.
He said the Federal Reserve would be lowering rates going into the holidays, which will directly help investment and indirectly benefit exports. The European Central Bank (ECB) has signaled an upcoming aggressive round of monetary easing, he said, which will help revive Europe’s economy and help build export demand.