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The White House adviser says there may be "zero growth" when the shutdown continues



Chairman of the White House Advisory Council, Kevin Hassett, said in an interview with Poppy Harlow of CNN that he was not too worried about the long-term effects of a government shutdown. However, after Harlow asked him whether the US could achieve zero GDP growth this quarter, he acknowledged that this was possible. "We could, yes," he said.

Hassett said that he and his staff were not paid during the stoppage, and he noted that some government employees would have to do other work to offset the pay gap. He said one of his employees is now leading for Uber.

But Hassett argued that if the government re-opened, the economy would recover ̵

1; and that would mean that eventual GDP damage would eventually be restored.

He added that the chances of the US entering a recession by 2020 would be close to zero, although many economists predict a downturn next year. Hassett pointed to continued strong employment growth as a healthy sign for the economy.


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