America's economy surges past forecasts with 3.4% growth in the third quarter, handing Trump a boost as AI spending booms
Donald Trump has seen AI investment emerge as a key driver behind the US economy's stronger-than-expected 3.4% third-quarter growth.
Consumer spending and a boom in AI investment drove US GDP growth to 3.4% between July and September, beating analyst forecasts and marking an acceleration from the previous quarter. The figures hand President Trump a significant political win as he pushes his economic credentials ahead of further domestic policy battles.
AI spending continues to fuel expansion in the world's largest economy, with tech investment emerging as a key growth driver.
Consumer resilience underpinned the strong print, suggesting household confidence remains robust despite earlier fears of a slowdown.
The beat on forecasts will intensify pressure on critics who predicted Trump's second-term policies would weigh on growth.
