US Economy, GDP
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The economy remained on track this year, defying the gloomiest predictions. That doesn't mean Americans are thrilled with how things are going.
The U.S. economy has defied many of the dire predictions from earlier this year. When President Trump took office with big promises to hike tariffs and curb immigration, many economists slashed their forecasts for economic growth and raised them for inflation and unemployment.
An initial reading of third-quarter gross domestic product showed the US economy expanded at an inflation-adjusted annualized rate of 4.3%, a far faster pace than the 3.8% recorded in the second quarter,
The U.S. economy grew at a faster rate than expected in the latest quarter, as some economists anticipated Americans to ramp up spending in recent months, according to delayed data released Tuesday by the Commerce Department.
The kitchen sink was thrown at the economy in 2025 — punishing tariffs, higher inflation, rising unemployment — but the U.S. might still be growing at an above-average speed in a sign of surprising pluck.
Goldman Sachs expects U.S. gross domestic product (GDP) to grow by 2.6% in 2026 and “substantially outperform” the consensus estimate of 2.0%,