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Treasury Secretary Scott Bessent said the U.S. economy could grow more than 3 percent this year despite disruptions from the Iran war, while President Donald Trump said energy prices would soon fall sharply, limiting inflation risks.
“I think the underlying economy remains strong,” Bessent said on April 14 during a Wall Street Journal Opinion Live event in Washington. “I do think that the growth could easily exceed 3 percent, 3.5 percent this year, still.”
His comments come as the International Monetary Fund (IMF) cut its global growth outlook, warning on April 14 that the world economy could edge toward recession if the Middle East conflict intensifies and energy prices remain elevated….
“I think the underlying economy remains strong,” Bessent said on April 14 during a Wall Street Journal Opinion Live event in Washington. “I do think that the growth could easily exceed 3 percent, 3.5 percent this year, still.”
His comments come as the International Monetary Fund (IMF) cut its global growth outlook, warning on April 14 that the world economy could edge toward recession if the Middle East conflict intensifies and energy prices remain elevated….
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