Oct 15, 2020
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The White House announced the rapid recovery of the US economy

The US believes that the country's economy is rapidly recovering from the effects of the coronavirus pandemic, reports TASS, referring to the statement of the head of the National Economic Council of the White House, Lawrence Kudlow.

Speaking on the air of CNBC, he said that the country is seeing a rapid increase in the number of applications to open new businesses. According to him, the demand for cars is also growing, there is a boom in the housing market and in the manufacturing industry.

Kudlow noted that the statistics prepared by the American authorities indicate that the country's economy is emerging from the recession "along a V-shaped trajectory."

According to Johns Hopkins University, there are over 7.89 million cases of COVID-19 in the United States, more than 216.5 thousand Americans became victims of the disease. According to these indicators, the United States ranks first in the world.

We will remind, earlier the Managing Director of the International Monetary Fund Kristalina Georgieva said that the coronavirus pandemic will cause a decline in living standards in almost all countries of the world. In her opinion, the recovery of the world economy after the crisis will be long.

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