TELETRADER News
5/28, 8:35 PM (Source: TeleTrader)
more TeleTrader news

Kudlow expects quick rebound of US economy

White House economic adviser Larry Kudlow (pictured) said on Thursday that the encouraging signs are seen in the states that decided to lift coronavirus restrictions and reopen businesses, CNBC reported.

"We’re actually seeing some glimmers of hope amidst all the hardship and heartbreak," Kudlow told CNBC.

Kudlow added that the economy will rebound quickly, citing the high percentage of unemployed workers in April who described their layoff as "temporary" as the reason behind the assessment.

Breaking the News / SR