The coronavirus has caused a "short-term pause" in President Donald Trump's economic growth, but once the crisis subsides, the economy will "roar back to life," economist Stephen Moore predicts.
"I just see this as a real short-term pause in the growth that Trump has created," Moore told "The Cats Roundtable" on 970 AM-N.Y., per The Hill. "Once we get this thing contained the economy will roar back to life."
While spreading, the COVID-19 risk in the United States remains low, Moore reminded, saying the "confidence and the health of the American people" must be restored before growth can get going again.
"The market and the real economy will burst back to life," Moore vowed to host John Catsimatidis, per The Hill.
For most people, the flu-like viral illness causes only mild or moderate symptoms, such as fever and cough. But older people are more likely to have serious illness and that underlying health conditions make it harder for people to fight off the illness.
More than 100,000 people have been sickened and more than 3,500 have died of the coronavirus since the start of January, according to NBC News reports, the World Health Organization (WHO) and figures from state government leaders and health officials. More than 52,000 people have recovered.
There have been 19 deaths reported in the United States thus far.
Eric Mack ✉
Eric Mack has been a writer and editor at Newsmax since 2016. He is a 1998 Syracuse University journalism graduate and a New York Press Association award-winning writer.
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