Trump advisor: Economic growth could very well skyrocket 20% later this year
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Long-time Wall Street economist Joseph LaVorgna thinks the U.S. economy’s recovery from the depths of the COVID-19 pandemic could shock some people later this year.
“The economy looks great,” LaVorgna — now serving as a special advisor to President Trump and chief economist of the NEC after stints at Deutsche Bank and Natixis — told Yahoo Finance’s The First Trade. “We’re looking at GDP this quarter of 20%,” LaVorgna said, adding GDP growth of 20% in the second half of 2020 is “doable.”