White House predicts economic boom by 2026 despite past shutdown setbacks
The Trump administration has outlined an optimistic economic outlook for the next two years. Treasury Secretary Scott Bessent dismissed fears of a recession in 2025, while National Economic Council director Kevin Hassett forecasted a record-breaking year in 2026. These predictions come as officials push policies aimed at lowering costs and boosting trade.
The administration’s confidence follows a period of economic strain. The recent U.S. government shutdown cost the economy an estimated $11 billion, leaving a lasting impact. However, officials now point to improving conditions, including a drop in inflation driven by lower energy prices.
With inflation easing and trade negotiations progressing, the administration’s policies aim to sustain economic momentum. Lower interest rates and tax reductions are set to support growth in 2025, while officials prepare for what they describe as a peak year in 2026. The impact of past disruptions, such as the shutdown, remains a factor in ongoing recovery efforts.
