White House economic adviser Kevin Hassett expected that the U.S. economy would return to a growth rate ranging between 3% and 4% by the first quarter of 2026.
Hassett based his outlook on economists’ estimates indicating that the government shutdown could reduce growth rates by about one to one and a half percentage points, which had reached nearly 4% during the past year.
Hassett said: “The question lies in when that will happen, but I expect the 3% or 4% growth pace to return by the first quarter of next year.”
