The Commerce Department has reported that the third quarter of 2025 witnessed economic growth at a faster rate than anticipated. Real GDP grew at an annualized rate of 4.3 percent, the fastestin two years.
This growth represents a higher performance than the 3.2 percent annualized GDP growth rate anticipated by economists, and is an improvement on the 3.8 percent growth seen in the second quarter.
Despite fears that President Donald Trump’s tariffs would have a depressive effect on spending, consumption rose 3.5 percent in the quarter.
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Trump took to Truth Social to attribute the economic success of the third quarter to his tariffs.
https://truthsocial.com/@realDonaldTrump/posts/115769302680506780
Despite these growth figures, consumer sentiment continues to fall, and as of December has done so for five months in a row, the longest it has done so since 2008.
