WASHINGTON — In a bold economic forecast certain to soothe both Wall Street and carnival barkers, White House economist Kevin Hassett announced Monday that U.S. GDP growth is on track to exceed 5%, thanks to a capital spending boom, recent tax policies, and the sheer willpower of believing hard enough.

“I’ve run the numbers on my napkin, and if we all just keep spending, there’s no telling what might happen — maybe 6%, 7%, or the mystical 10% growth of legend,” said Hassett, visibly holding back tears of joy in the Rose Garden. “We’re entering an era where economic growth is limited only by our capacity for optimism and the speed at which we can build more Cheesecake Factories.”

Supporters credit the explosive growth to President Trump’s tax cuts and an onshoring movement that has convinced several major corporations, one lemonade stand, and a ferret-sweater manufacturer to move operations back to U.S. soil. “I’ve brought my sock-puppet assembly line back from Guam,” announced North Carolina entrepreneur Trudy Finkle, who expects to hire 1,200 Americans to glue on googly eyes by 2025.

Not all experts are convinced. “I’ve seen GDP projections before, but this one has a certain je ne sais growth,” said Dr. Lionel Biscuit, chief economist at the Institute for Mirthful Statistics. “Next thing you know, they’ll be measuring GDP in units of pure happiness.”

White House insiders report that, if current trends continue, GDP growth will soon be calculated solely by the number of brand-new trampoline parks and Tesla Cybertrucks purchased per quarter.