Tags: Trump Administration | mnuchin | economic | bottom | Q2 | increase Q4

Mnuchin Sees Economic Bottom in Q2, 'Gigantic Increase' in Q4

Mnuchin Sees Economic Bottom in Q2, 'Gigantic Increase' in Q4

Thursday, 21 May 2020 12:23 PM

Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity.

"When you come off of a low number of closing down the economy, you're going to have very, very big increases," Mnuchin told an online conference organized by The Hill newspaper. So yes, I think you're going to see a very large -- call it a gigantic -- increase in the fourth quarter."

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Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity."When you come off of a low number of closing down the...
mnuchin, economic, bottom, Q2, increase Q4
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2020-23-21
Thursday, 21 May 2020 12:23 PM
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