U.S. economy has hit turning point - White House's Kudlow

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow said on Wednesday it appears that the U.S. economy, plunged rapidly into a recession by the coronavirus pandemic about three months ago, has already hit a turning point. 'The stock market is presaging an upturn in the economy,' he said in an interview with CNBC, pointing to the recent run-up of the stock market as well as a variety of indicators he said were green shoots of the economy.

Reuters June 11, 2020 01:06:01 IST
U.S. economy has hit turning point - White House's Kudlow

US economy has hit turning point  White Houses Kudlow

WASHINGTON (Reuters) - White House Economic Adviser Larry Kudlow said on Wednesday it appears that the U.S. economy, plunged rapidly into a recession by the coronavirus pandemic about three months ago, has already hit a turning point.

"The stock market is presaging an upturn in the economy," he said in an interview with CNBC, pointing to the recent run-up of the stock market as well as a variety of indicators he said were green shoots of the economy.

(Reporting by Lisa Lambert and Doina Chiacu; Editing by Chris Reese)

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