The US economy demonstrated its fastest growth in the last two years. In the third quarter, GDP grew by 4.3% annualized.
This is higher than the previous quarter's figure of 3.8%. The growth exceeded analysts' expectations, who had predicted around 3.2%.
Consumer spending made the primary contribution. It increased by 3.5% annualized, compared to 2.5% in the previous quarter.
Households spent more actively on healthcare services despite a slowing labor market. Exports also recovered, growing by 7.4%.
The growth report was published with a delay due to a temporary government shutdown. Meanwhile, the economy remained resilient amid changes in trade and immigration policy, persistent inflation, and cuts in government spending.
Imports continued to decline under the influence of new tariffs. This mechanically supported the GDP figure.
What lies behind such resilience of the American economy in the face of all these challenges?
Experts note that underlying indicators point to a solid expansion. The economy appears well-prepared for 2026, given tax relief and Fed rate cuts.
However, some analysts warn that rising prices and pressure on the budgets of low- and middle-income households could make it difficult to maintain such high rates in the future.
