WASHINGTON — The U.S. economy should return to growth of 3% to 4% by the first quarter of 2026, White House economic adviser Kevin Hassett said on Tuesday.
Hassett cited economists’ estimates that the government shutdown would knock about 1 percentage point to 1.5 percentage points off growth rates that had reached close to 4% during the past year.
“The question is, when does it all come back. And I think that some of the stuff is lost forever, and some of it isn’t. But I would guess that by the first quarter of next year, we’ll be back at the 3% or 4% growth pace,” Hassett said in an interview with CNBC.
Economists have warned that weaker growth in consumption and global trade, along with slow job growth, higher unemployment and stickier inflation are marring the U.S. economic outlook,

GV Wire

People Home
Mediaite
Times Herald-Record
Reuters US Politics
KWWL
Raw Story
AlterNet
The Boston Globe Crime
Reuters US Domestic