The US economy is on track for a strong rebound in 2-H of this year, despite Texas’ decision to scale back its reopening as cases of the C-19 coronavirus spike, US Commerce Secretary Wilbur Ross said Friday.
“It’s natural there will be some little interruptions as we come back out of the pandemic, but the key thing in my view is consumer spending will continue to lead the recovery,” he said in a TV interview also citing high consumer saving rates.
“Maybe at most there will be a little slippage from Q-3 to Q-4, but at the end of the day the important thing is the direction is a good direction,” he added. “The direction is a strong upward direction.”
Have a healthy weekend, Keep the Faith!
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