U.S. likely to enjoy strong growth for rest of year: White House adviser

Hassett addresses reporters during the daily briefing at the White House in Washington
White House Council of Economic Advisers Chairman Kevin Hassett addresses reporters during the daily briefing at the White House in Washington, U.S. February 22, 2018. REUTERS/Jonathan Ernst

March 27, 2019

WASHINGTON (Reuters) – The U.S. economy should enjoy strong growth in the second quarter and for the remainder of the year, with weakness overseas having only a limited spillover effect, a top White House adviser said on Wednesday.

“This year we’re looking at a weak first quarter. We still expect a strong second quarter and rest of the year, but the momentum from Europe and the momentum from Asia is much different than it was last year,” White House Council of Economic Advisers Chairman Kevin Hassett told CNBC.

(Reporting by Makini Brice; Writing by Tim Ahmann; Editing by Chizu Nomiyama)

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