White House Economist Says Economy May Not Grow In First Quarter
January 23 2019 - 10:37AM
Dow Jones News
By Paul Kiernan
WASHINGTON -- The Trump administration's top economist said
Wednesday that the U.S. economy may not grow at all in the first
quarter if the partial government shutdown continues.
Noting that the first quarter of the year has tended to see weak
economic growth, Kevin Hassett, chairman of the White House Council
of Economic Advisers, said in an interview on CNN that
first-quarter growth this year could be "very close to zero."
"It is true that if we get a typically weak first quarter and
then have an extended shutdown, that we could end up with a number
that's very, very low," Mr. Hassett said. He added that when the
government reopens, the economy should promptly recover any lost
ground.
(More to come)
Write to Paul Kiernan at paul.kiernan@wsj.com
(END) Dow Jones Newswires
January 23, 2019 10:22 ET (15:22 GMT)
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