“Later in the year, obviously the economic activity will pick up as we confront this virus.”U.S. Treasury Secretary Steven Mnuchin said he doesn’t expect the coronavirus pandemic will trigger a U.S. recession, even as others ― including President Donald Trump ’s former economic adviser ― say we’re likely already in one. https://t.co/XkLFkSaaAp pic.twitter.com/sBm0lCojMh“Most likely, I’d be willing to say, we are in a recession right now,” he said on CNN. The president’s declaration of a national emergency on Friday also freed up $50 billion in federal resources. As of Friday, the stock market remains in a bear market, with the market having its worst week since October 2008. Keep up with the latest updates on the coronavirus at our live blog.

Source: Huffington Post March 15, 2020 15:22 UTC