QNB discusses state of US economy after launch of 3-3-3 plan

Doha, Qatar: Qatar National Bank (QNB) considered that the initial results of the economic agenda known as 3 3 3, launched by the US administration a...

Doha, Qatar: Qatar National Bank (QNB) considered that the initial results of the economic agenda known as 3-3-3, launched by the US administration a year ago, include indications of higher-than-expected economic growth, alongside persistent challenges in controlling public finances, as well as tangible progress in the energy sector.

The bank’s weekly report said that the US economy has shown notable resilience, supported by monetary easing and the early stages of an investment cycle driven by artificial intelligence. However, controlling public finances remains the greatest challenge, while the energy sector is achieving real progress through diversification and supply security rather than a traditional oil boom.

The report noted that the plan aimed to achieve economic growth of 3 percent, reduce the fiscal deficit to 3 percent of GDP, and increase domestic energy production by 3 million barrels per day by 2028.

In this context, the report pointed out that the US economy experienced a slowdown during 2025, but it was far less severe than initial estimates, reflecting the economy’s resilience.

The report also noted that, despite the expected negative shock resulting from the high tariffs imposed after what became known as Liberation Day, the actual effects on growth and inflation have remained limited so far.