Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
White House Warns Of "Zero Q1 Growth" Due To Shutdown, But "Humongous" Q2
01-23-2019, 11:07 AM,
#1
White House Warns Of "Zero Q1 Growth" Due To Shutdown, But "Humongous" Q2
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>

<blockquote>
<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>
</blockquote>

<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="https://twitter.com/WhiteHouseCEA?ref_src=twsrc%5Etfw">@WhiteHouseCEA</a>) acknowledges on CNN that US economic growth could be 0 for first quarter of 2019 if shutdown doesn't end ? <a href="https://t.co/gHCg9Um1k4">pic.twitter.com/gHCg9Um1k4</a></p>
— Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/1088079962534539269?ref_src=twsrc%5Etfw">January 23, 2019</a></blockquote>
<script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><img src="http://feeds.feedburner.com/~r/zerohedge/feed/~4/VuzdlyFBsmQ" height="1" width="1" alt=""/>


http://feedproxy.google.com/~r/zerohedge...mongous-q2
Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)