Kudlow: US still set for a 'v'-shaped economic recovery – CNBC interview

Ross J Burland FXStreet

In a CNBC interview, White House economic adviser, Larry Kudlow, says US still set for a 'v'-shaped economic recovery.

Additionally, he says the administration wants to give Americans a bonus for re-employment as it considers further coronavirus relief.

Kudlow tells reporters he expects an in-person G7 meeting to be held this year.

Market implications

Meanwhile, more than 10 million people across the globe have tested positive for the coronavirus, WHO Director-General Tedros Adhanom Ghebreyesus said Monday, nearly 180,000 of whom tested positive in the last 24 hours.

WHO director: Pandemic 'speeding up'

Markets have so far been buying the v-shaped recovery theme and data has also been impressive at the start of the week.

Wall Street Close: US stocks shrug off WHO's COVID-19 warnings

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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