U.S. President Trump refused to rule out the possibility that the U.S. economy will shrink and enter recession this year, saying his comprehensive economic agenda could cause short-term turmoil, but he believes it will drive future prosperity, Internet reported. In an interview on Fox News's "Sunday Morning Futures," Trump was asked if he expected a recession this year, and he replied: "I hate predicting things like this. There is a transition period because what we are doing is very big. We are bringing wealth back to America, and that's a big deal." U.S. Treasury Secretary Basent also said last week that the U.S. economy may go through a difficult period during this economic transition. Commerce Secretary Lutnik ruled out economic contraction in a televised speech last Sunday. "There will be no recession in the United States," he said on NBC News's "Meet the Press." The U.S. economy has never fallen into recession since the beginning of the epidemic in 2020."