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Scott Bessent: “The real number was 4.7. The government contracted by 0.4…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Conversation with Scott Bessent, US Secretary of the Treasury | WEF Annual Meeting 2026

Published | Video Starts at 15:56

I think that it is very strong and likely accelerating. And just to be clear, that 4.3% GDP was private sector GDP or actually after the fiscal contraction. So The real number was 4.7. The government contracted by 0.4. So that got us to 0.3. So that is pure private sector GDP. And President Trump's economic policy, tax deals, trade deals, and deregulation. The deregulation, which I think is probably the most powerful part, is really just starting to Kick in now. (15:56–16:07)

CLAIM

Asserts that the real GDP number was 4.7% after accounting for government contraction.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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