Kevin Hassett

US real GDP will grow about 3.5% in 2018 and a little over 3% in 2019.

“I think now, you know, we're looking at GDP growth of about 3.5% this year and carrying on to something a little bit north of three next year.”

Said on

10 October 2018 · CNBC Squawk Box interview as CEA chairman (CNBC excerpts page).

Source

CNBC Excerpts: Council of Economic Advisers Chair Kevin Hassett on CNBC's Squawk Box Today · CNBC

Should come true

2019

How sure they sounded

I think now, we're looking at

Categories

Economy

Importance

3 of 5 · Official White House growth outlook for the US economy after the 2017 tax cuts.

Outcome

Inaccurate

BEA reported real GDP grew 2.9% in 2018 and 2.3% in 2019 (annual averages, advance estimate of Jan 2020). Both are below the forecast of about 3.5% for 2018 and a little over 3% for 2019. On a Q4-over-Q4 basis 2018 was also under 3.5%.

Evidence:

• https://www.bea.gov/news/2020/gross-domestic-product-fourth-quarter-and-year-2019-advance-estimate