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Sun, 14 Jun 2026

Sun, 14 Jun 2026 Why the US economy keeps defying the odds

Why has the American economy continued to outperform so many of its peers, despite facing the same global shocks?

* Despite facing global shocks, the US economy has continued to grow at a steady pace, while many other developed countries have buckled under pressures such as Trump's tariffs and conflict in the Middle East.
* The trade war itself may have been a key factor in demonstrating American resilience, with US corporations investing harder instead of accepting lower margins.
* A notable rise in productivity and a shift towards shale oil production have also contributed to the US economy's performance.
* In contrast, European countries have relied on long-term contracts and interconnected supply networks for energy security, leaving them vulnerable to shocks such as Russian gas cuts.
* Cultural attitudes towards risk may also play a role, with Americans being more comfortable taking short-term risks in pursuit of long-term advantages than Europeans.
* However, economists warn that the US economy is not immune to risks, including stubborn inflation and widening inequality.
* While the US continues to outperform many other advanced economies, it faces challenges such as higher energy prices and a growing jobs crisis.