AGENCIES, Washington: Amid rising coronavirus death toll of 56,144, and 987,022 infections in the US, President Donald Trump has confidence that the fourth quarter of this year and the next year would be “phenomenal” in terms of economic growth for his country.
With several state Governors activating steps to reopen shut businesses irrespective of the consequences, Trump has slammed China as the “one country” responsible for the economic slowdown due to the transmission of the deadly virus.
“Now we’re making a comeback… I can tell you the third and fourth quarter, in particular, are going to be I think spectacular. We were talking about with the executives. I think we’re going to have a phenomenal third quarter,” Trump told reporters on Monday.
“We continue to see encouraging signs of progress; cases in New York area, New Orleans, Detroit, Boston, and Houston are declining. Denver, Seattle, Philadelphia, Washington DC, Atlanta, Nashville, Indianapolis, and St. Louis are all stable and declining,” he said.
On lifting the travel restrictions, he said it will depend on how long Europe takes “to heal” . “It is tragic but we will be looking at what is happening in Europe and certainly we want to do that and they want to do it too. They want to do it very badly.” US imposed travel restrictions on Europe on March 13 as a preventive measure to stop the spread of coronavirus inside the country.
“I built the greatest economy in the history of the world. And one day, because of something that should have never been allowed to happen, we had to close our country. We had to close our economy,” Trump said.