Treasury Secretary Steve Mnuchin has predicted that the economy will bounce back as early as July if the coronavirus pandemic is contained soon. Mnuchin also confirmed eligible Americans will also see direct-deposit payments of $1,200 'within three weeks' as part of the $2 trillion rescue package signed by President Donald Trump on Friday. And in the third quarter of this year, you're gonna see this economy bounce back with very large GDP numbers and low unemployment back to where we were beforehand, Mnuchin added. 'The president signed it into law, and my full-time focus is delivering on that. ' Mnuchin has been part of the team that devised the $2 trillion rescue package signed into law by President Trump on Friday.

Source: Daily Mail March 29, 2020 20:51 UTC