Mnuchin Doesn’t See Pandemic Causing Recession

Despite forecasting an economic slowdown, Treasury Secretary Steve Mnuchin told ABC News that he does not think the coronavirus pandemic will cause a recession.

Said Mnuchin: “”I don’t think so. The real issue is not the economic situation today… This is a unique situation. We are going to have a slowdown. Later in the year economic activity will pick up as we confront this virus.”