US coronavirus measures to total 'more than $2tn'

Economic adviser Kudlow says spending will reach '10% of GDP'

Larry Kudlow, President Trump’s top economic adviser, says the total spending package will top $2 trillion. © Reuters

TAKESHI KAWANAMI, Nikkei staff writer

March 22, 2020 05:32 JST

WASHINGTON -- The U.S. policy measures to blunt the fallout of the coronavirus pandemic are expected to exceed $2 trillion, White House economic adviser Larry Kudlow said on Saturday.

"The package is coming in at about 10% of GDP," Kudlow told reporters. "It's a very large package." U.S. nominal growth domestic product is around $21 trillion.