Recent U.S. data indicates a robust economy, driven by consumer spending and a resilient labor market. Projections suggest continued outperformance compared to other developed nations, with growth expected to reach 2.1% in 2025 and 1.7% in 2026.
The latest U.S. data suggest that the economy will end the year on a high note. As has been the case for some time, the current strength reflects solid growth in consumer spending, due not only to the resilience of the labour market, but also to the steady increase in household net worth, NBC’s economist Jocelyn Paquet reports.GDP set to grow by 1.7% in 2026“As the drivers of recent performance are likely to remain the same in 2025, the U.S.
”“While recognizing the high level of uncertainty surrounding these projections, our best guess at this stage is that the spending cuts announced by the Trump administration will be insufficient to prevent tax cuts from widening the deficit further. We therefore expect fiscal policy to have a positive impact on growth over the next two years.
ECONOMY GROWTH CONSUMERS TRUMP ADMINISTRATION FISCAL POLICY
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