Mnuchin: US recovery from coronavirus has begun, will gain strength in Q3, Q4
Global Economy
10 June, 2020, 07:20 pm
Last modified: 10 June, 2020, 07:22 pm
"We are well positioned for a strong, phased reopening of our country.”
FILE PHOTO: US Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on Capitol Hill in Washington, US, February 12, 2020. REUTERS/Yuri Gripas/File Photo
US Treasury Secretary Steven Mnuchin said on Wednesday that the US economy has already begun to rebound from the coronavirus pandemic and would "improve dramatically" in the third and fourth quarters.
Mnuchin, who appears before the US Senate Small Business Committee to review the progress of federal coronavirus rescue loan programs, said in written testimony that incoming jobs and other economic data "show that we are well positioned for a strong, phased reopening of our country."
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