The White House announced the first-quarter growth forecast to be at least 2%.
On Wednesday, White House economic advisor Kevin Hassett shared his forecasts for the U.S. economy, predicting that the first quarter gross domestic product (GDP) growth will be "at least" between 2% and 2.5%. Hassett's forecast indicates a positive start for the U.S. economy this year.
In an interview with Fox News, Hassett expressed his expectations regarding the country’s economic performance, stating, "I predict that GDP growth in the first quarter will be at least 2%, 2.5%," reflecting his confidence in the economic trajectory. GDP is a crucial indicator of a country's economic health, representing the total value of goods and services produced over a specific period. If Hassett's projection proves accurate, it would signal a continuation of expansion in the U.S. economy amidst various challenges, including inflation concerns and Federal Reserve interest rate adjustments.