New Delhi, May 3 -- President Donald Trump on Friday once again expressed confidence that his policies would trigger an economic boom in the United States, but acknowledged that there is possibility of a recession.

During the first quarter of the year, the U.S. economy-the largest in the world-unexpectedly shrank, coinciding with the early stages of Trump's proposed wide-ranging tariffs.

"This is a transition period. I think we're going to do fantastically," Trump told NBC News show "Meet the Press with Kristen Welker."

Pressed on whether the United States could dip into recession, Trump said, "Anything can happen."

"But I think we're going to have the greatest economy in the history of our country. I think we're going have the greate...