in Economy

White House economic adviser says coronavirus outbreak could 'maybe' impact U.S. GDP in first quarter

109 Views

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the coronavirus outbreak in China could “maybe” knock two- to three-tenths of a percent off U.S. GDP in the first quarter.

“We’re thinking maybe in the first quarter we lose … two or three tenths of one percent of GDP,” the National Economic Council director said in an interview on Fox Business Network.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Economy - investing.com

Newlyweds stuck aboard quarantined ship on Valentine's Day: 'This is our honeymoon'

China says to support firms to resume production as soon as possible