WASHINGTON (Reuters) – Trump administration officials on Sunday tried to relax market panic that the coronavirus could trigger a global economic crisis, stating the general public had over-reacted which stocks would recuperate due to the hidden strength of the U.S. economy.
FILE IMAGE: U.S. President Donald Trump speaks throughout a press conference on the coronavirus outbreak with U.S. Secretary of Health and Human Being Solutions Alex Azar, National Institute of Allergy and Transmittable Illness Anthony Fauci, U.S. Vice President Mike Pence, Director of the Centers for Illness Control and Prevention Robert Redfield and U.S. Surgeon General Jerome Adams at the White House in Washington, U.S., February 29,2020 REUTERS/Joshua Roberts
The S&P 500 index dropped 11.5%last week as the unique flu-like virus accelerated beyond China’s borders, the worst weekly drop considering that the 2008 worldwide financial cri