World News

White House economic adviser says coronavirus outbreak could ‘maybe’ impact U.S. GDP in first quarter

WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Friday the coronavirus outbreak in China could “maybe” knock two- to three-tenths of a percent off U.S. GDP in the first quarter.

“We’re thinking maybe in the first quarter we lose … two or three tenths of one percent of GDP,” the National Economic Council director said in an interview on Fox Business Network.

(Reporting by Makini Brice and Chris Prentice; Editing by Sonya Hepinstall)