US growth could top 3.5 percent this year despite Iran war
Treasury Secretary Scott Bessent says the US economy remains strong and growth could exceed 3.5 percent this year. He dismissed war-related IMF outlook cuts.
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Treasury Secretary Scott Bessent expressed confidence on Tuesday that the economy of the United States remains robust, projecting that annual growth could surpass 3% or 3.5% despite the geopolitical volatility stemming from the conflict between Israel and Iran. Bessent dismissed recent downward revisions to global growth forecasts by the International Monetary Fund and World Bank, suggesting these institutions may be overreacting to current events.
"I think the underlying economy remains strong," Bessent said during the WSJ Opinion Live event in Washington.
