The Aporia
The Aporia
Reuters. (2026, October 29). US economy grows faster than expected 3.4% in 3Q, driven by consumers, AI investment. South China Morning Post. https://www.scmp.com/news/world/united-states-canada/article/3372628/us-economy-grows-faster-expected-34-3q-driven-consumers-ai-investment
Reuters. “US economy grows faster than expected 3.4% in 3Q, driven by consumers, AI investment.” South China Morning Post, 29 Oct. 2026, https://www.scmp.com/news/world/united-states-canada/article/3372628/us-economy-grows-faster-expected-34-3q-driven-consumers-ai-investment.
Reuters. “US economy grows faster than expected 3.4% in 3Q, driven by consumers, AI investment.” South China Morning Post, October 29, 2026. https://www.scmp.com/news/world/united-states-canada/article/3372628/us-economy-grows-faster-expected-34-3q-driven-consumers-ai-investment.
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The U.S. economy expanded at an annualized rate of 3.4% in the third quarter of 2026, according to data released by the Commerce Department's Bureau of Economic Analysis on October 29, 2026. This growth outpaced expectations and marks a significant acceleration from the second quarter's rate of 2.2%. The robust performance was driven primarily by strong consumer spending, which increased at a swift 3.8% rate, along with substantial business investments in artificial intelligence technology. Despite ongoing inflation and higher energy costs due to tensions with Iran, economists were surprised by this resilience, with projections ranging from 1% to 4.2% growth. The positive economic data contrasts sharply with public sentiment, as many Americans remain concerned about rising prices ahead of the upcoming midterm elections.
