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WH Econ Adviser Hassett: Confident US-China can reach trade agreement by March 1

In an interview with CNN,  Kevin Hassett, chair of the White House Council of Economic Advisers, said that he was confident that the U.S. and China could reach a trade agreement by the March 1 deadline.

Key quotes

  • Puts chances of recession in 202 to very close to zero.
  • Q2 growth would be humongous if government reopens.
  • Sees no risk of credit downgrade for US.

Source: Reuters.

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