“White House Economic Council Director Kevin Hassett expects GDP growth to be around 4% and he says the biggest contributor is the productivity boom,” Bloomberg reports.
Kevin Hassett, director of the White House National Economic Council, said the U.S. economy should grow by around 4 percent unless there is an external disruption. Hassett noted that the administration's target of at least 3 percent growth could be hampered by external developments, and also pointed to uncertainties regarding the budget deficit target.