United States  

Trump's Economic Adviser Warns Of US Hitting Double-Digit Negative Growth

Video Credit: Wochit Business - Duration: 00:32s - Published
Trump's Economic Adviser Warns Of US Hitting Double-Digit Negative Growth

Trump's Economic Adviser Warns Of US Hitting Double-Digit Negative Growth

President Donald Trump’s economic adviser warned the U.S. may hit double-digit negative growth.

Kevin Hassett also warned the U.S. unemployment rate may rise to 16-17%.

According to Business Insider, within five-weeks of the pandemic, there are more than 26 million jobless claims. Hassett said these levels of unemployment have not been seen since the Great Depression.

The economic adviser said it’s possible to recover quickly if the virus goes away soon and states feel comfortable to reopen.

0
shares
ShareTweetSavePostSend
 

You Might Like


Tweets about this


Related videos from verified sources

White House Economic Adviser: Coming Months Are 'Going To Look Terrible' [Video]

White House Economic Adviser: Coming Months Are 'Going To Look Terrible'

White House economic adviser Kevin Hassett said Sunday the US unemployment rate is likely to hit 16% or higher in April. President Donald Trump’s advisers want to hone a list of five or six ideas to..

Credit: Wochit     Duration: 00:39Published
Economy Faces Historic Shock, 16% Joblessness Possible [Video]

Economy Faces Historic Shock, 16% Joblessness Possible

WASHINGTON (Reuters) - The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that likely will push the national unemployment rate to 16% or higher this..

Credit: Wochit     Duration: 00:35Published
Watch: Here’s The Latest On Coronavirus Today [Video]

Watch: Here’s The Latest On Coronavirus Today

The UK and Canada both extend their lockdowns and British government officials say they will not extend the Brexit transition. President Trump has backed down from his claims of authority over..

Credit: HuffPost UK STUDIO     Duration: 03:17Published