Trump Promised a "Sensational" Rise in the US Economy this Year

According to the American president, US GDP will rise sharply in the third or fourth quarter. Trump again called for an early and safe resumption of economic activity. Despite the gigantic damage caused by the coronavirus pandemic U.S. President Donald Trump promised a swift recovery in the U.S. economy as early as 2020. GDP growth in the third and especially in the fourth quarter will be "sensational," he said at a press conference in the White House on the evening of Monday, April 27. According to Trump, next year will also be "phenomenal" in terms of economics. The president again called for an “early but safe” resumption of economic activity in the country. In this regard, Trump promised in the coming days to expand the testing of the population for coronavirus. The threat of a record economic collapse Just a few hours earlier, Trump's economic adviser Kevin Hassett, in an interview with CNBC, said that in the second quarter of 2020, Americans should prepare for the collapse of the American economy by 20-30 percent - the largest since the Great Depression a hundred years ago. According to Hassett’s forecasts, in May the US unemployment rate could reach 16-17 percent. In February alone, unemployment in the country was 3.5 percent - this is the lowest figure for many decades. Amid the coronavirus pandemic, more than 26 million people have already lost their jobs in the United States. Charges against China At a press conference in the White House, Donald Trump made it clear that the United States may demand compensation from the PRC due to coronavirus. The White House is currently exploring how to hold Beijing accountable for the coronavirus spread, he said. The president did not specify what amount of compensation could be discussed, noting but that it would be "very substantial." Trump has repeatedly blamed Beijing for spreading the "Chinese virus" around the world and for lack of transparency at the very beginning of the crisis. According to the Worldometer portal, more than one million cases of coronavirus infection have been recorded in the United States, including nearly 57 thousand with a fatal outcome. The United States leads the world in both the number of infections and the number of deaths. Trump categorically rejected speculation about the postponement of the US presidential election, scheduled for November 3, because of the epidemic. “It never crossed my mind to postpone the date of the vote,” he stressed.