The US Treasury Secretary denies the possibility of a recession in 2026
The Secretary of the Treasury of the United States, Scott Bessentrejected this Sunday the idea that the US economy could enter a recession in 2026 and defended that the tariff agenda and the trade agreements reached with other countries will lead to “very strong” growth.
“I am very, very optimistic compared to 2026. We have laid the foundations for an economy with very strong and non-inflationary growth,” Bessent said during the morning program Meet the Press from the NBC network.
The Secretary of the Treasury recognized that the United States economy face some pressurebut responded negatively when asked about the possibility of a recession next year.
However, he admitted that some sectors sensitive to interest rates “they have entered a recession” and said that the real estate sector “faces difficulties.”
Bessent added that the recent closure of the Administration which lasted for 43 days —the longest in history— and it did not conclude until last November 12, it had affected the economy.
But he was convinced that the big, beautiful bill signed last summer by US President Donald Trump, You will see its fruits next year.
“I have a lot of confidence in 2026, because what we are going to see is that the president has closed peace agreements, tax deals and trade deals (and) the ‘One Big, Beautiful Bill,'” Bessent said.
United States registration an annual inflation of 3% last September, the latest data available due to the closure of the federal Administration.
Controlling inflation is one of the main concerns of the Republican Government, which at the beginning of the month suffered a hard setback electoral in several important state and local elections.
In this sense, Trump last Thursday he withdrew the 40% tariffs to certain products from Brazil, such as beef, vegetables, coffee, cocoa or aviation components, leaving them back at the original 10%.
