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šŗšø U.S. Economy on Track for Strong Finish, Bessent Says šš°
Treasury Secretary Scott Bessent says the holiday season has been āvery strongā for the U.S. economy and predicts 3% real GDP growth for the year.
He highlighted that the economy has outperformed expectations, with 4% GDP growth in some recent quarters. Despite concerns like the Schumer shutdown, Bessent remains optimistic about the year-end economic performance.
He also noted that media coverage has influenced Americansā views on affordability, even though consumer spending remains solid.
#USEconomy #GDPImpact #HolidaySeason #EconomicGrowth $BTC
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Treasury Secretary Scott Bessent says the holiday season has been āvery strongā for the U.S. economy and predicts 3% real GDP growth for the year.
He highlighted that the economy has outperformed expectations, with 4% GDP growth in some recent quarters. Despite concerns like the Schumer shutdown, Bessent remains optimistic about the year-end economic performance.
He also noted that media coverage has influenced Americansā views on affordability, even though consumer spending remains solid.
#USEconomy #GDPImpact #HolidaySeason #EconomicGrowth $BTC
$ETH
š¢ Shutdown Shockwave: Americaās Economy Takes a Direct Hit ā ļø
šØ The US government shutdown is shaking the economy in a big way. š With agencies slowed and thousands of federal workers furloughed, nationwide spending is slipping faster than expected. šø Government-dependent businesses are stuck waiting on contracts, creating a chain reaction across multiple sectors. šļø Analysts warn that every extra week of shutdown drains billions from GDP, putting serious pressure on quarterly growth.
š Economists already foresee a clear dip as uncertainty rises and confidence falls. Yet thereās a spark of hope š„once the shutdown ends, spending and productivity are likely to surge back. ā” The hit feels heavy, but economic resilience has always been the US advantage. š¼
š¤ Now all eyes are on how fast the rebound kicks in once the political dust settles. š Will the comeback be sharp or slow? š
#Economy #USShutdown #GDPImpact #FinanceNews #Write2Earn
$BTC
šØ The US government shutdown is shaking the economy in a big way. š With agencies slowed and thousands of federal workers furloughed, nationwide spending is slipping faster than expected. šø Government-dependent businesses are stuck waiting on contracts, creating a chain reaction across multiple sectors. šļø Analysts warn that every extra week of shutdown drains billions from GDP, putting serious pressure on quarterly growth.
š Economists already foresee a clear dip as uncertainty rises and confidence falls. Yet thereās a spark of hope š„once the shutdown ends, spending and productivity are likely to surge back. ā” The hit feels heavy, but economic resilience has always been the US advantage. š¼
š¤ Now all eyes are on how fast the rebound kicks in once the political dust settles. š Will the comeback be sharp or slow? š
#Economy #USShutdown #GDPImpact #FinanceNews #Write2Earn
$BTC
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