The economy’s animal spirits are down. Gross domestic product (GDP) grew by 4 percent in the third quarter of 2025, the lowest quarterly growth since 2011, excluding pandemic years. The slowdown came not from lack of funds or demand, but from hesitation. Services expanded 5.5 percent, agriculture 2.8 percent, industry only 0.7 percent. Within construction’s […]... Keep on reading: Tethered bulls: On sub-par Q3 GDP growth