The United States economy recorded steady growth in the third quarter, driven largely by resilient consumer spending and improved business investment, according to updated economic data released this week.
Gross domestic product expanded faster than earlier estimates, reflecting stronger household consumption and increased government spending. Economists said easing inflation pressures helped sustain demand, even as borrowing costs remained elevated.
Trade policy remained a key factor in the economic outlook, with renewed attention on tariff measures proposed by former president Donald Trump as part of his broader economic agenda. Analysts noted that while tariffs are intended to protect domestic industries, they could also raise costs for businesses and consumers if widely implemented.
Exports contributed modestly to growth during the quarter, while imports increased as domestic demand strengthened. Some economists warned that persistent trade tensions could weigh on future expansion, particularly if retaliatory measures affect global supply chains.
Despite these uncertainties, labour market conditions remained stable, with employment levels supporting consumer confidence. Business leaders, however, signalled caution heading into the final quarter of the year amid policy uncertainty and global economic headwinds.
Overall, the third-quarter figures suggest the US economy continues to show resilience, though policymakers and markets remain focused on how fiscal decisions, trade measures, and interest rates will influence growth in the months ahead.
