Trump’s top economic adviser predicts explosive 6% annual GDP growth, nearly triple most forecasts

NY Post ^ | 5/10/26 | Ryan King

[Libloather]

President Trump’s top economic adviser claimed Sunday that economic growth this year could clock in north of an explosive 6%, close to triple the expectations of most mainstream forecasts.

White House Economic Council Director Kevin Hassett theorized that the recent capital-spending surge in March, which appears to be driven in part by an artificial intelligence-related investment bonanza from corporations, will turbocharge growth.

“I think we really could be looking at numbers north of 4, north of 5, north of even 6 because there’s so much capital stock growth right now,” Hassett told Fox News’ “Sunday Morning Futures” when asked about economic growth expectations for 2026.

“Once we turn those factories on, you’re going to see really growth unlike anything we have seen before.”

While the US economy has recently enjoyed considerably faster growth than most of its developed-nation peers, it’s been nowhere near 6% gross domestic product growth.

The last time the US came close to that figure was in 2021, when the pandemic rebound propelled the economy to 5.7% annual GDP growth, a feat that was then met with an inflationary hangover.

Before that, the US hadn’t topped 6% annual GDP growth since 1984.

GDP growth for the first quarter of 2026 clocked in at 2%, which topped the rest of the Group of Seven bloc of nations.

But to get to 6%, the US economy would need to grow at just under roughly 7.5% or higher during the next three quarters.

Hassett argued, “Remember that the 2 percent number that you saw for GDP growth, the reason why it was 2 percent and not 4 or 5 percent was that we imported a record number of capital goods because we’re building all these factories.”

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TOPICS: Business/Economy; Conspiracy; History; Local News
KEYWORDS: dpettytroll; economics; forecasts; gdp; growth; habitualtdstrolling; habitualtrolls; pieinthesky; tdsbelow

[Libloather]

Sounds good. The Golden Age.

[dpetty121263]

Guess if you are going to dream, dream big... Unless Trump can wave his magic wand and bring fuel down to a $1.50 a gallon overnight I truly will be shocked and amazed and impressed!

[ClearCase_guy]

“This is bad news.”

— Major Media

[Dahoser]

Better hope the Fed is on board because going back to Mr. Andrea Mitchell, they like to raise interest rates to cut off high growth just like it was done in the first Trump administration.

[Wuli]

Boasting becomes a negative when the boast turns out to be false.

It would be good enough to just say “the economy will do very well” and let the results speak for themself. It is the results, if they are good that will be positive, and no boasting needed.

[kawhill]

Hassett argued, “Remember that the 2 percent number that you saw for GDP growth, the reason why it was 2 percent and not 4 or 5 percent was that we imported a record number of capital goods because we’re building all these factories.” Guess we don’t have those capital goods here.

[FLT-bird]

I’ve been saying for a while, all the investment in new factories, expanding factories and in data centers in the US is going to cause a big surge in the economy. The only question is when it kicks in. I suspect the last 6 months of this year you will see it kick in in earnest.

[Alberta's Child]

A nation facing our demographic disaster isn’t going to be getting 7.5% GDP growth anytime soon unless we flood the country with 100M new immigrants.

[E. Pluribus Unum]

6% to flatten the curve.

[Mariner]

Capital Stock Adjustment Theory says this is possible.

[voicereason]

Boasting becomes a negative when the boast turns out to be false.

The PMI data doesn’t seem to support the GDP story, but time will tell.

[Political Junkie Too]

I'd rather have someone say 6% GDP and come up short, than someone who said 4% inflation was transitory and come up doubled.

-PJ

[Mariner]

“Better hope the Fed is on board because going back to Mr. Andrea Mitchell, they like to raise interest rates to cut off high growth just like it was done in the first Trump administration.”

While some of the AI investment is financed through bonds, over half is pure profit off the top for the big 5.

Cash money. 0% interest with potential of multiple 10s of percent profit.

You already gave your share of money.

Did I mention these companies are wallerin’ in money?

And they’re investing it.

[Secret Agent Man]

Optimistic about better growth forecasts, but I will wait for the actual numbers.

[dpetty121263]

And they are laying employees off like crazy...

[Wuli]

I’d rather have someone say 4% GDP growth and then watch it go to 6%. “Better than expected” is always better than “not as good as expected”.

[Political Junkie Too]

Not as good as expected is still better than more than where it was before.

-PJ

[Wuli]

“Not as good as expected is still better than more than where it was before.”

That is really not the point.

The public does not look that far backward (to the Biden era). They look at what the economy is doing and they look at what is said NOW.

You say it will do 6% and it doesn’t, THAT they will remember - you were boasting and it was not true.

You say it will do 4% and then it does 6%, that they will take notice of, and appreciate.

[Political Junkie Too]

The people will still notice an improvement with a 4% GDP.

-PJ

[TornadoAlley3]

AI