Mnuchin Sees Economic Bottom in Q2, 'Gigantic Increase' in Q4

Treasury Secretary Steven Mnuchin said on Thursday he believes the U.S. economy will "bottom out" in the second quarter and start to improve with the third quarter, with a "gigantic increase" in fourth quarter activity.

"When you come off of a low number of closing down the economy, you're going to have very, very big increases," Mnuchin told an online conference organized by The Hill newspaper. So yes, I think you're going to see a very large -- call it a gigantic -- increase in the fourth quarter."