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The White House·

President Trump Unleashes the American Economy: GDP Surges as Investment Hits Multi-Year High

  • The U.S. economy expanded at a 3.4% annual rate in the third quarter of 2026, marking the strongest pace in a year.
  • Private investment in plants & equipment surged 9.4% in the third quarter, accelerating from the prior quarter.
  • Year-to-date investment growth is more than twice as fast as in 2025 & three times faster than the 2.3% rate recorded in 2025.
  • Business investment posted its strongest quarter in nearly 15 years with growth of almost 13% in the third quarter.
  • Economic growth averaged 2.7% over the past three quarters, exceeding the Blue Chip consensus forecast of 2.4% & the CBO projection of 2.2%.
  • 72% of economists surveyed by Bloomberg underestimated the third quarter growth rate.
  • Consumer spending grew at a 3.8% rate in the third quarter.
  • Capital goods now constitute a record share of U.S. imports, while consumer goods fell to a record low of 17% of goods imports.