Trump says coronavirus pandemic could bring on a recession

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Trump says coronavirus pandemic could bring on a recession
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Asked whether the country was heading for an economic recession, the president said “it may be,” although he also said he expected the economy to recover quickly once the health emergency passes.

WASHINGTON — As much of the nation went into lockdown mode, President Trump promised a months-long effort to combat the coronavirus pandemic, which he called an “invisible enemy” with an astonishing capacity to sicken and kill. It was a stark departure from the president’s assertions early in the outbreak that the virus was no worse than the common flu and would go away on its own.

To that end, Trump administration officials are calling for an intensified response to last two weeks. If that is adhered to by the majority of the American population, they believe, the United States could evade a catastrophe similar to the one now unfolding in Italy and other countries. Trump, who rated his response to the coronavirus at a “10,” distanced himself from remarks on Fox News by his close ally Rep. Devin Nunes, R-Calif., who had urged Americans to patronize restaurants. Prompted by questions from a reporter, Trump said those comments were “adverse to what the professionals are saying.”

It was the president’s fourth day in a row speaking from the White House, in a sign of how seriously the administration is now taking the epidemic that has sickened 4,200 and killed more than 70 Americans. Public health officials are racing to implement a nationwide coronavirus testing regime, which has been slow to get going.

Trump acknowledged that there were greater worries than the Dow Jones at hand. “The market will take care of itself,” he said, once the virus itself is defeated. The new CDC guidelines are intended to keep the disease from spreading while tests are being manufactured and distributed.

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