The effects of tariff-related announcements have impacted imports, particularly in the first quarter, leading to a decline in real GDP. The Congressional Budget Office noted in late October that the government shutdown may have reduced real GDP during its duration, and that growth would be 'temporarily higher.' Estimates for the fourth quarter could also be affected by the recent record-length government shutdown. The US economy faced some challenges in 2025. The country's real GDP grew at an annual rate of 4.3% in the third quarter, surpassing the 3.3% forecast and exceeding the 3.8% growth rate recorded in the second quarter.
