Economy Grows Faster Than Expected, But K-Shaped Recovery Looms
Update: 2025-12-23
Description
U.S. economy surged in Q3, growing at 4.3% annualized, ahead of forecasts, driven by robust consumer spending, particularly in electric vehicles. However, the recent government shutdown may have dampened growth, and affordability pressures are mounting. The economy is experiencing a K-shaped recovery, with big companies investing in AI while smaller ones struggle. The Federal Reserve cut interest rates but signals no more cuts soon.
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