US economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth
Stronger consumer spending rose 2.5% and imports fell 29.3%, driving a 3.8% GDP growth in Q2, the fastest pace in nearly two years, officials said.
- The US economy grew at an annualized rate of 3.8% in the second quarter, the Commerce Department's third and final estimate released Thursday showed.
- This growth followed a contraction at the beginning of the year and revisions that raised previous GDP estimates from 3.0% and 3.3% to 3.8%.
- The second-quarter recovery was supported by consumer spending and falling imports, while inventory building subtracted from the GDP growth.
- Economists note the 3.8% rate significantly exceeds prior reports and highlights the resilience of the world's largest economy.
- Economists estimate momentum continued into the third quarter, with the government's first estimate scheduled for release next month.
162 Articles
162 Articles
U.S. GDP Revised Upwards to 3.8% in Q2 2025, Boosted ay Consumer Spending And Lower Imports
While economic experts warned of gathering storm clouds and predicted sluggish growth for America’s economy, something remarkable was happening behind the scenes. The doom-and-gloom forecasts... The post U.S. GDP Revised Upwards to 3.8% in Q2 2025, Boosted ay Consumer Spending And Lower Imports appeared first on Patriot Journal.
US economy posts its strongest growth in nearly two years
The U.S. economy grew at a 3.8% annual pace in the second quarter, driven by consumer spending and business investment, the Bureau of Economic Analysis (BEA)… The post US economy posts its strongest growth in nearly two years appeared first on CatholicVote org.
Trump's Weak Economy Grew 1.5 Percent In Year's First Half
Some folks have gotten a bit carried away with the revisions that put the second quarter growth rate at 3.8 percent. That does look impressive in isolation, but it is important to remember the economy shrank at a 0.6 percent rate in the first quarter.That puts the average at 1.6 percent for the first half of the year. That’s not terrible but it is hardly cause for celebration. Remember, the economy grew 2.4 percent last year and the vast majorit…
Despite uncertainty over economic policies, Americans continued to spend in recent months
Coverage Details
Bias Distribution
- 58% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
