GDP grew 4.3% in Q3, and it was ‘healthier’ growth

Core Insights - The U.S. economy experienced robust growth in Q3 2025, with an annual growth rate of 4.3%, an increase from the previous quarter's 3.8% [1] - The growth in Q3 was characterized by a healthier and more broad-based foundation compared to earlier in the year, indicating genuine economic vitality rather than technical adjustments [1][2] Economic Composition - In Q2, GDP growth was significantly influenced by a decline in imports, which artificially inflated the growth figure without reflecting true domestic production or consumer well-being [2][3] - The second quarter's real GDP growth of 3.3% was primarily due to decreased imports and increased consumer spending, while investment and exports actually declined, revealing underlying weaknesses [3][4] - In contrast, Q3 growth was driven by increases in consumer spending, exports, and government spending, with a smaller contribution from the decline in imports compared to Q2 [5]