Ahmed Kamel – Egypt Daily News
The United States economy expanded at an annual rate of 4.3 percent in the third quarter, surpassing analysts’ expectations and marking the fastest pace of growth in two years, according to newly released economic data. The robust performance points to renewed momentum in consumer spending, business investment, and overall economic activity.
The stronger-than-anticipated growth exceeded most forecasts, which had predicted a more modest increase amid concerns about global uncertainty and domestic market volatility. Economists noted that rising consumer confidence, increased household spending, and steady job creation played a central role in driving the expansion.
Following the release of the report, President Donald Trump highlighted the figures as evidence of the success of his administration’s economic policies. The president credited tax cuts, deregulation, and pro-business initiatives for what he described as a surging economy, arguing that the data confirms the United States is on a solid growth trajectory.
The third-quarter results also suggest that the economy has been able to absorb higher interest rates and ongoing trade tensions without significant disruption. Business investment showed signs of improvement after earlier weakness, while exports and government spending contributed positively to growth.
Despite the upbeat figures, some analysts urged caution, noting that quarterly growth can fluctuate and that longer-term challenges remain, including global economic slowdowns and structural pressures at home. Nevertheless, the latest report provides a strong signal that the U.S. economy entered the final months of the year with considerable strength.
The data is expected to play a central role in ongoing political and economic debates, as policymakers and markets assess whether the pace of growth can be sustained in the quarters ahead.
