Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Bessent sees his "3-3-3" plan as still in reach — 3% growth, a 3% deficit-to-GDP rate and a 3 million barrels per day increase in oil production.
Last updated: 2026-06-24 19:01:59 ET
Bessent sees his "3-3-3" plan as still in reach — 3% growth, a 3% deficit-to-GDP rate and a 3 million barrels per day increase in oil production.
Does that matter? A high-stakes transatlantic spat has erupted over GDP figures
The central bank now expects GDP to fall by 2.7% this year due to a large drop in U.S. exports, having forecast in March that it would grow by 1.3%.
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