Gross Domestic Product, 4th Quarter 2025 (Third Estimate)

The U.S. economy slowed more sharply than previously reported at the end of 2025, with real GDP rising just 0.5% in the fourth quarter, revised down from earlier estimates. While consumer spending and business investment continued to support growth, both were weaker than initially thought. Simultaneously, significant declines in government spending—partly tied to a federal shutdown—along with softer exports and inventory investment weighed heavily on overall activity. The downward revision underscores a clearer loss of momentum heading into 2026 and points to a more fragile and uncertain economic outlook.

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