US Economic Growth on the Horizon

Kevin Hassett, the Director of the United States National Economic Council, shared optimistic news on Fox News this Wednesday. He projected that the US gross domestic product (GDP) growth for the first quarter of 2025 would likely fall between 2% and 2.5%.

Hassett highlighted the recent economic achievements, stating, "The economic news we've been seeing is really wonderful. It's way above the expectations of economists..." He pointed out the creation of 10,000 manufacturing jobs and 9,000 auto jobs, alongside a significant drop in inflation to its lowest core rate in four years.

He attributed these positive developments to the effective policies of US President Donald Trump, noting that business leaders are increasingly confident in the economy's solid foundation.