Macroeconomy

The US economy continued to grow at a good pace in the third quarter of 2025

The Bundesbank confirms that Germany will end 2025 leaving the recession behind.

The White House, in Washington
ARA
22/01/2026
2 min

BarcelonaThe US economy continues to grow at a strong pace. US gross domestic product (GDP, the indicator that measures economic activity) grew by 1.1% in the third quarter of 2025 compared to the previous three months, according to the second estimate published by the Bureau of Economic Analysis of the US Department of Commerce. Meanwhile, Germany, Europe's largest economy, confirmed its return to growth, closing the last three months of last year with quarterly growth of 0.2%. In annualized figures, US GDP growth was 4.4%, six-tenths of a percentage point higher and the best figure in two years. This also represents a significant improvement over the 0.6% decline observed at the beginning of 2025, when US GDP fell for the first time since early 2022. The increase in real GDP in the third quarter reflected increases in consumer spending and exports. Imports, which are subtracted from GDP calculations, decreased. Compared to the second quarter, household spending accelerated, and investment, exports, and government spending rebounded, while imports declined less in the third quarter than in the second.

Growth also in Germany

Germany ended the last quarter of last year with a 0.2% increase in GDP compared to the previous quarter, thanks to the recovery of the industrial sector, the Bundesbank, Germany's central bank, reported on Thursday. This figure comes after the state statistics agency confirmed last week that The country would end 2025 with positive growth of economic activity after two years of recession.

The central bank has published a report on the state of Europe's largest economy, noting that manufacturing output rose "considerably" by the end of 2025. Thus, demand for industrial goods grew, despite the continued decline in exports, due to the upward trend in external demand. Likewise, domestic demand surged due to the manufacture of "other types of vehicles," including those for military use. However, the Bundesbank highlighted the underutilization of German industrial capacity, which is weighing on business investment.

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