GARGANTUAN GROWTH
12/23/2025 |
25Q3 GDP expanded at 4.3% annualized vs. 25Q2’s 3.8%; the best quarter since 23Q3. But it’s three-month-old data. Since Trump’s return, GDP growth has averaged 2.5%, slightly ahead of the 2004 pace of 2.4% during the Biden administration. 25Q4 will be weaker due to the government closure but 26Q1 will jump due to the reopening and unusually large tax refunds. The biggest worry, 25Q3 real personal income was flat.