Treasury Secretary Scott Bessent projects the US economy will grow at a 3% annual rate in the second half of 2026. The forecast, made public by Bessent, sets a specific target for the administration's economic expectations two years out.
A 3% target for late 2026
Bessent's projection focuses on the annualized growth rate for the gross domestic product during the second half of 2026. That period covers July through December. The 3% figure is a clear benchmark from the Treasury chief, indicating the administration's outlook for the economy.
What the number means
A 3% growth rate is often considered a sign of a healthy, expanding economy. Bessent's forecast signals confidence in the US economic trajectory under current policies. The projection comes as the administration continues to implement its fiscal agenda.
How projections are used
Economic forecasts from the Treasury Secretary inform budget planning and policy decisions. Bessent's 3% estimate will be a reference point for government agencies and private sector analysts. The projection is subject to revision as economic conditions evolve.
Economic forecasts are regularly updated as new data becomes available. Bessent's 3% projection will be compared against actual GDP figures when they are released for the second half of 2026. The Treasury Department is expected to provide further guidance as the period approaches.
