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US Economy Expected to Surpass 3% Growth in 2024

5/27/2025

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Summary

Story summary

Treasury Secretary Scott Bessent is optimistic, forecasting US economic growth to surpass 3% next year after a slight contraction earlier this year. He credits this recovery to Trump's trade policies and tax reforms. Bessent also foresees significant trade deals on the horizon, particularly with China and India, even as EU relations raise some concerns.

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Story summary

Treasury Secretary Scott Bessent is optimistic, forecasting US economic growth to surpass 3% next year after a slight contraction earlier this year. He credits this recovery to Trump's trade policies and tax reforms. Bessent also foresees significant trade deals on the horizon, particularly with China and India, even as EU relations raise some concerns.