Shutdowns expected in some U.S. areas as coronavirus spikes -Kudlow
WASHINGTON (Reuters) - Spikes in novel US coronavirus cases are likely to trigger closures in some places, but not nationwide, White House economic adviser Larry Kudlow said Thursday when a number of states saw record-breaking infections.
"There will be some shutdowns individually ... in individual locations and in certain stores. We are monitoring this very closely," said Kudlow in an interview on the Fox Business Network.
"We'll have hot spots. No question about it," he later told reporters in the White House. "We just have to live with that."
Rising coronavirus infections in parts of the United States spared the brunt of the initial outbreak and unsettled investors. US stock futures continued to slide Thursday after the worst day on Wall Street in two weeks.
Overall, the United States recorded the second largest daily increase in COVID-19 cases since early March, with a nationwide increase of nearly 36,000 new cases on Tuesday - the highest since a record 36,426 new infections in the United States on April 24.
Kudlow told Fox that he was still expecting a "strong v" economic recovery with a 20% snapback for growth in the third and fourth quarters of 2020 and an unemployment rate in the US of 10% by the end of the year.
(Reporting by Lisa Lambert and Susan Heavey; editing by Chizu Nomiyama and Jonathan Oatis)
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