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.