Trump plays down fears of US recession

Donald Trump has tried to reassure markets about the risk of the US falling into a recession by saying the economy is doing "tremendously well".

The US president said he did not see a recession - usually defined as when an economy shrinks for two consecutive quarters.

White House economic adviser Larry Kudlow also said there was "no recession in sight".

Last week, financial markets indicated a recession could be on the way.

This is because it became cheaper for the US government to borrow for 10 years, rather than...