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US economy grows at fastest pace in two years

2025-12-23 15:48:00, Kosova & Bota CNA

US economy grows at fastest pace in two years

The US economy grew rapidly in the three months to September, as consumer spending and exports also rose.

The world's largest economy expanded at an annual rate of 4.3%, up from 3.8% in the previous quarter. That was better than expected and marked the strongest growth in two years.

The figures provide a clearer picture of the state of the US economy towards the end of the year, as data collection was delayed by the US government shutdown.

The report showed that consumer spending grew at an annual rate of 3.5%, compared with 2.5% in the previous quarter, despite a slowing labor market and frustration about inflation.

Economic growth this year has been hampered by dramatic changes in trade and immigration policies, as well as cuts in government spending.

But while this has led to significant fluctuations in some areas, such as imports and exports, the underlying economy has maintained strong momentum.

Analysts said the increase in consumer spending in the third quarter of the year was driven by more spending on health care services.

Imports - which count against growth - continued to fall, reflecting the wave of tariffs on shipments entering the U.S. that President Donald Trump announced this spring. Meanwhile, exports, which had fallen sharply, rebounded, rising 7.4%. /CNA





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