U.S. Commerce Secretary Howard Lutnick forecasts that the country's GDP will grow by more than 5% in the first quarter of 2026, despite high interest rates hindering stronger economic expansion. Speaking at the World Economic Forum in Davos, Lutnick emphasized the need for lower interest rates to enable the economy to thrive, suggesting that growth could reach 6% if rates were reduced.
Lutnick's optimistic projection contrasts with U.S. Treasury Secretary Bentsen's more conservative estimate of 4% to 5% GDP growth for 2026. Lutnick highlighted that current economic policies are a barrier to achieving higher growth rates, underscoring the impact of interest rates on economic performance.
U.S. Commerce Secretary Predicts Over 5% GDP Growth Amid High Interest Rates
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
