Will Donald Trump's plans throw the US economy into a recession? Here's what Kamala Harris has to say
US economy is now becoming the biggest topic for both the US Presidential candidates, Donald Trump and Kamala Harris, as both of them are attacking each other on their respective economic plans. Harris, in her interview with MSNBC, has now thrown an allegation at Trump, stating that his economic plans could easily bring the US economy at the brink of a devastating recession. This is a rather scary statement for the Americas, as US recession fears are continuing to linger on, which has affected the stock markets as well, and has forced the US Fed Reserve to issue a whopping 50 bps interest rate cut to slow down the impending recession.
Does Trump's plans hint a US recession?
Harris is of the opinion that a Trump administration in Washington DC would bring lead to a rise unemployment levels in US, something that was seen in his previous regime as well, where, according to her, at least 200,000 manufacturing jobs were lost, which happened just before the Covid-19 crisis flared up in the United States. She has claimed that his economic agenda would end up swallowing up the nation's wealth and push it towards a recession, something that Americans need to stay alert about.
Economists agree to her plans to 'grow US economy'
Many economists are of the opinion that Harris and her party's recent promises and plans to restore the US economy to its greatness, is indeed visionary, and has the chance to succeed, if she is voted to power. She has pledged to strengthen the manufacturing sectors of the country and also structure the US workforce and labor, a move that could help the US economy in the long run, economists believe.
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