Former Trump economic advisor Larry Kudlow conceded that his prediction of a looming recession was wrong and admitted that the U.S. economy is doing much better than expected under President Joe Biden.
Talking on Fox News’ America Reports on Thursday, Kudlow offered a “mea culpa.”
“I was wrong about the slowdown and the recession. So was the entire forecasting fraternity,” Kudlow, now a Fox Business Network host, said.
The Bureau of Economic Analysis’ report on January 25 showed that the country’s gross domestic production grew beyond expectation by 3.3 percent in the last quarter. Biden has been celebrating the latest GDP data as a victory for his administration and proof that his economic policies have worked to keep the economy afloat and help it recover after the pandemic.
Republican presidential candidate and former U.S. President Donald Trump stands on stage during a campaign…
