Full Version: White House Warns Of "Zero Q1 Growth" Due To Shutdown, But "Humongous" Q2
You're currently viewing a stripped down version of our content. View the full version with proper formatting.

Zero Hedge

White House Warns Of "Zero Q1 Growth" Due To Shutdown, But "Humongous" Q2

<p>White House Council of Economic Advisers Chair Kevin Hassett warned during an interview on CNN this morning that if the government shutdown continues, there is a chance of zero growth in the first quarter:</p>

<p>“It is true that if we get a typically weak first quarter and extended shutdown that we could end up with a number that is very low.”</p>

<p>However, Hassett was quick to note that this could be followed by<strong> “humongous” growth in the second quarter if the government reopens</strong>.</p>

<p>Hassett confidently proclaimed that <strong>the chance of recession in 2020 is "very, very close to zero," and sees no risk of a credit downgrade for the US.</strong></p>

<p>Additionally, ever the optimist considering the statements from Kudlow yesterday (and Lighthizer over the weekend), Hassett reassured that<strong> he is confident the US and China will reach a deal</strong>.</p>

<blockquote class="twitter-tweet" data-partner="tweetdeck">
<p dir="ltr" lang="en" xml:lang="en" xml:lang="en">? WH adviser Kevin Hassett (<a href="">@WhiteHouseCEA</a>) acknowledges on CNN that US economic growth could be 0 for first quarter of 2019 if shutdown doesn't end ? <a href=""></a></p>
— Aaron Rupar (@atrupar) <a href="">January 23, 2019</a></blockquote>
<script async="" src="" charset="utf-8"></script><img src="" height="1" width="1" alt=""/>