Hoping to reverse the situation, Mr. Trump places a 'political future' on the economic outlook of 2021
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President Donald Trump called on people to trust and give him a four-year term with the promise of a strong recovery in the world's leading economy in 2021. (Source: Shutterstock) |
President Donald Trump is
calling on people to trust and give him a 4-year term with the promise of the
world leading economy will recover strongly in 2021.
Not only referring to the
timeline next year, President Trump also made the fourth quarter of this year
as a milestone for the recovery of the economy, with "great
numbers".
But it is not until 2021 economic reports for the fourth
quarter of 2020 will be published. Preliminary figures for the third
quarter will be released on October 29, a few days before the Presidential
election will take place on November 3.
The US economy is facing a
severe recession with more than 38 million people losing their jobs and many
believe that by the election day, the unemployment rate may still be at double
digits.
But President Trump and the
campaigning group are hoping to convince the public that he is the candidate
that can turn the tables around, even though they set a timeline for economic
recovery next year.
However, experts warn that
the prospect that President Trump promised is impossible when taking into
account the severity of the recession. According to the Office of
Congressional Budget, the world's largest economy will take years to recover.
President Trump has been
encouraging the states to relax restrictions and reopen the economy. But
that does not mean that jobs will return and Americans are still very cautious
when returning to normal life.
Michael Steel, a Republican
political strategist, said this year's election will be more based on facts
than on messages. He said President Trump is betting by opening the
economy, although health experts say it is not time yet.
If the economy recovers
strongly and the Covid-19 infection rate remains stable or declines, he will
gain the support of American voters.
But on the contrary, if the
unemployment situation is still widespread, the number of infections and deaths
due to the Covid-19 epidemic continue to rise, the president's chances of
winning will become more fragile.
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