Left Menu
Development News Edition

White House economic adviser says coronavirus outbreak could 'maybe' impact U.S. GDP in Q1


White House economic adviser says coronavirus outbreak could 'maybe' impact U.S. GDP in Q1
Image Credit: Flickr

White House economic adviser Larry Kudlow said on Friday the coronavirus outbreak in China could "maybe" knock two- to three-tenths of a percent off U.S. GDP in the first quarter.

"We're thinking maybe in the first quarter we lose ... two or three-tenths of one percent of GDP," the National Economic Council director said in an interview on Fox Business Network.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

Conspiracy theories on COVID 19: Legislators, Scientists, and Journalists all joined the Caravan

Conspiracy theories are not new for virus epidemics. There have been conspiracy theories on HIV-AIDS, Polio Vaccines, Ebola Virus, and several other diseases as well. However, what makes the 2019 Novel Coronavirus different from others is ...

Top 10 Fake News, Myths and Realities on 2019 Novel Coronavirus COVID 19

With nearly 1500 deaths by January 14 and around 65,000 infections in China, the Novel Coronavirus 2019 has become one of the worst health epidemics of the 21st Century. However, 8,573 people have been cured but the rumor mongers are a...

Handling fake news Infodemic in time of Coronavirus epidemic

Social media has provided a platform where everybody can disseminate his her views without any supervision. Its excellent if the message is genuine but misinformation is equally disastrous. Health is such a topic where every Tom and Harry c...

Sentiment Analysis on Budget 2020: Long shot for solution to economic worries?

Industries and individuals alike had high expectations from the government to take tangible steps but the budget 2020 seems to have failed expectations....

Videos

Latest News

UPDATE 1-Two killed as Australian train derails

Two people were killed and 12 others were injured when an Australian interstate train derailed outside Melbourne on Thursday evening, police said.The train, which was traveling from Sydney, came off the rails near the town of Wallan, about ...

Ortiz: Fiers a 'snitch' for blowing whistle on Astros

Former Boston Red Sox slugger David Ortiz has taken aim at Mike Fiers, the Oakland Athletics right-hander who went on record with the Houston Astros sign-stealing scheme. Ortiz took issue with Fiers on Thursday for not speaking in the momen...

WRAPUP 1-Soccer-Eriksen scores first Inter goal, Ajax lose at Getafe

Inter Milan midfielder Christian Eriksen scored his first goal for the club since last months move from Tottenham Hotspur to set up a 2-0 win at Ludogorets Razgrad in the Europa League on Thursday.Manchester United were held 1-1 at Club Bru...

Nigeria asks U.S. to remove it from visa restriction list

Nigeria asked the United States on Thursday to abandon new visa restrictions on the West African country set to take effect on Feb. 21. U.S. President Donald Trump included Nigeria and five other countries in an expanded version of his trav...

Give Feedback