US Finance: Unexpected Q1 Shock, 3% Growth Next Year
- LOS ANGELES (AP) — The Trump administration believes its current policies will boost U.S.
- When asked about the timeline for achieving this growth rate, Bedent stated, "until this time next year."
- Earlier this year, the gross Domestic Product (GDP) decreased at an annual rate of 0.3% compared to the previous quarter.
Trump Governance Aims for 3% Economic Growth, Despite Recent GDP Dip
LOS ANGELES (AP) — The Trump administration believes its current policies will boost U.S. economic growth to nearly 3%, according to Secretary Scott Bedent. Bedent made the comments Wednesday during an interview with CNBC at the Milken Global Conference 2025 in Los Angeles.
When asked about the timeline for achieving this growth rate, Bedent stated, ”until this time next year.”
recent Economic Performance
The U.S. economy recently experienced a setback. Earlier this year, the gross Domestic Product (GDP) decreased at an annual rate of 0.3% compared to the previous quarter. This marked the first instance of negative growth in three years,following a 1.0% decrease in the first quarter of 2022.
Trade Negotiations on the Horizon
“We are very close to some agreements,” bedent said, echoing President Trump’s sentiment from the previous day that deals could materialize this week. He also suggested that notable progress in negotiations with China could be achieved in the coming weeks.
Attracting Global Capital
Bloomberg News and other U.S. media outlets reported that Bedent emphasized the United States as a prime investment destination, pushing back against the “Sell American” sentiment that has gained traction in global capital markets since last month.
trump’s Economic Agenda
During his conference appearance, Bedent described Trump’s economic agenda as “more than a sum of each part.” He elaborated, “Trade, tax cuts, and deregulation may be three different policies, but they are moving towards the same goal to solidify the position of the United States as the home of global capital.”
Bedent further highlighted the strengths of the U.S.economy: “We have world-based currencies, the deepest and most liquid capital markets, and the strongest property rights. For this reason, the United States is the top destination of world capital, and the (Trump) executive’s goal is to make the United States a more attractive place for you.”