The United States economy grew a lot in the last three months. This was the best growth in two years. People spent more money. Exports also increased. This shows the economy is strong. It is doing better than people expected.
The economy grew by 4.3% each year. This is faster than the 3.8% growth before. The numbers came out late because of government problems. However, the economy is still growing well. It has been strong since 2022. This was a time of many global worries.
There were challenges for the economy. Trade rules changed. Inflation was still a problem. Government spending also went down. But people kept spending money. Consumer spending grew by 3.5%. This is better than before. People spent more on things like healthcare. The job market is slowing a little.
Imports went down. This helped the economy grow. Tariffs were put on some imported goods. This meant fewer goods came into the country. Less imports helped the total economic number.
Aditya Bhave works at Bank of America. He said the economy is surprising. He explained that the economy has been strong since 2022. He is hopeful for the future. He thinks the growth will continue.
The strong growth shows the US economy can handle problems. It is strong and can change. Many experts thought the economy would grow slower. They expected 3.2% growth. The economy did better than they thought. The report was late because of a government shutdown. This did not change the good news.