Treasury Secretary Steve Mnuchin 'warns unemployment in the US could hit 20 PERCENT' for the first time since 1935: Coronavirus plunges economy into recession with a fifth of workers already losing wages and fears millions will be laid off in days.

• Mnuchin reportedly said on Tuesday that unemployment may reach 20% 
• The Treasury secretary made the comment during a meeting with US senators  
• Mnuchin reportedly said he believes economic fallout from the coronavirus is potentially worse than the 2008 financial crisis 
• Morgan Stanley and Goldman Sachs said a global recession is already underway
• A recession is defined as two or more consecutive quarters of negative growth 
• New poll finds 18% of US adults have lost jobs or had hours cut due to crisis
• Trump for the first time acknowledged that the US 'maybe' faces recession 
• Marriott hotel chain is beginning furloughs for tens of thousands of workers