On Monday, White House economic advisor Kevin Hassett said that statistics show that U.S. companies are adjusting amid the coronavirus outbreak, reinforcing his prediction that while U.S. economic growth is likely to fall to Great Depression-era rates this quarter, it will bounce back in the third quarter.
Kevin Hassett told CNBC:
“At the beginning of this, there was rapid, rapid spread sadly in the places where there are a lot of essential workers. But the variance has really, really declined over time suggesting people have learned … about safe practices,”
