February 12, 2020 / 7:45 PM / 12 days ago

Coronavirus economic impact won't last beyond 2020: Treasury's Mnuchin

U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President's FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas

WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the negative economic impact from the coronavirus outbreak is a one-time event that will not last beyond 2020.

At a hearing before the Senate Finance Committee on the Trump administration’s budget plan, he said the coronavirus would not affect the administration’s long-term U.S. growth forecasts.

“I don’t expect the coronavirus will have an impact beyond this year,” Mnuchin said.

Reporting by David Lawder; Editing by Chizu Nomiyama

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