{"id":787216,"date":"2026-05-10T20:06:14","date_gmt":"2026-05-10T20:06:14","guid":{"rendered":"https:\/\/www.europesays.com\/us\/787216\/"},"modified":"2026-05-10T20:06:14","modified_gmt":"2026-05-10T20:06:14","slug":"trumps-top-economic-adviser-predicts-explosive-6-annual-gdp-growth-nearly-triple-most-forecasts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/787216\/","title":{"rendered":"Trump’s top economic adviser predicts explosive 6% annual GDP growth, nearly triple most forecasts"},"content":{"rendered":"

President Trump\u2019s<\/a> top economic adviser claimed Sunday that economic growth this year could clock in north of an explosive 6%, close to triple the expectations of most mainstream forecasts.<\/p>\n

White House Economic Council Director Kevin Hassett<\/a> theorized that the recent capital-spending surge<\/a> in March, which appears to be driven in part by an artificial intelligence-related investment bonanza from corporations, will turbocharge growth.<\/p>\n

\u201cI think we really could be looking at numbers north of 4, north of 5, north of even 6 because there\u2019s so much capital stock growth right now,\u201d Hassett told Fox News\u2019 \u201cSunday Morning Futures\u201d when asked about economic growth expectations for 2026.<\/p>\n

White House Economic Council Director Kevin Hassett is bullish about the potential for explosive economic growth this year. FOX News<\/p>\n

\u201cOnce we turn those factories on, you\u2019re going to see really growth unlike anything we have seen before.\u201d<\/p>\n

While the US economy has recently enjoyed considerably faster growth<\/a> than most of its developed-nation peers, it\u2019s been nowhere near 6% gross domestic product growth.<\/p>\n

The last time the US came close to that figure was in 2021, when the pandemic rebound propelled the economy to 5.7% annual GDP growth, a feat that was then met with an inflationary hangover.<\/p>\n

Before that, the US hadn\u2019t topped 6% annual GDP growth since 1984.<\/p>\n

GDP growth for the first quarter of 2026 clocked in at 2%, which topped the rest of the Group of Seven bloc of nations.<\/p>\n

But to get to 6%, the US economy would need to grow at just under roughly 7.5% or higher during the next three quarters.<\/p>\n

Hassett claims national economic growth could top 6%.<\/p>\n

Hassett argued, \u201cRemember that the 2 percent number that you saw for GDP growth, the reason why it was 2 percent and not 4 or 5 percent was that we imported a record number of capital goods because we\u2019re building all these factories.\u201d<\/p>\n

He credited the One Big Beautiful Bill Act, which largely renewed most of Trump\u2019s 2017 Tax Cuts and Jobs Act provisions, for the capital-investment boom.<\/p>\n

Many\u00a0reputable forecasts<\/a>\u00a0for US growth in 2026 peg it at between about 2.2% and 2.6%, which is roughly where it has been over the past couple of years. <\/p>\n

President Trump\u2019s One Big Beautiful Bill Act is helping to drive the boon, Hassett claims. Jen Golbeck\/SOPA Images\/Shutterstock<\/p>\n

Critics have said the US is being dragged down partly by business volatility from the tariffs during Trump\u2019s first year in office.<\/p>\n

More recently, the US has been dealing with economic fallout from surging oil prices thanks to Iran wreaking havoc on the Strait of Hormuz, where over a fifth of the world\u2019s seaborne oil once flowed annually. <\/p>\n

Against that backdrop, inflation came in at 3.5% for the year ending in March on the Personal Consumption Expenditures price index, which is the Federal Reserve\u2019s preferred metric.<\/p>\n

That\u2019s considerably higher than the Fed\u2019s longstanding 2% inflation goal.<\/p>\n

Still, hiring surged to the highest levels since 2024 in March<\/a>, according to a recent government survey.<\/p>\n","protected":false},"excerpt":{"rendered":"President Trump\u2019s top economic adviser claimed Sunday that economic growth this year could clock in north of an…\n","protected":false},"author":3,"featured_media":787217,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,69,453,79,31647,266,80,67,132,68,1154],"class_list":{"0":"post-787216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economics","11":"tag-economy","12":"tag-gdp","13":"tag-inflation","14":"tag-politics","15":"tag-united-states","16":"tag-unitedstates","17":"tag-us","18":"tag-us-news"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116552085513480333","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/787216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=787216"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/787216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/787217"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=787216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=787216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=787216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}