A senior White House adviser projects annual GDP growth at 4%, signaling optimism amid economic recovery efforts.
A senior White House adviser expects US GDP growth to reach 4% for the full year, reflecting confidence in economic momentum. The projection follows recent data showing stronger-than-expected activity in key sectors, including manufacturing and consumer spending.
The forecast exceeds earlier estimates from economists, who had anticipated growth closer to 2.5-3% for 2024. Comparable periods, such as the post-pandemic rebound in 2021, saw growth peak at 5.8% before moderating.
Markets may interpret the outlook as a signal of sustained expansion, though inflation concerns could temper reactions.