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Coronavirus and hot spots will lead to shutdowns in certain places but the US economy is not going to be closed again, White House economic adviser Larry Kudlow told Fox Business Network on Thursday.

Key quotes

“Still expecting a strong V-shaped economic recovery.”

“Looking at 20% growth snapback in the third and fourth quarters.”

“Expecting the unemployment rate to be below 10% by the end of the year.”

Market reaction

The US Dollar Index retreated slightly from daily highs in the last minutes and was last seen gaining 0.2% on the day at 97.42.