US EditionUS economy expanded at a surprising 3.8% pace in significant upgrade of second quarter growth
Consumer spending and falling imports fueled the 3.8% GDP growth in Q2, the fastest pace in nearly two years, according to the U.S. Commerce Department.
- 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.
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140 Articles
Despite uncertainty over economic policies, Americans continued to spend in recent months
U.S. economy grew more than expected in the second quarter, at a 3.8% pace
An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of second-quarter growth. U.S. gross domestic product—the nation’s output of goods and services—rebounded in the spring from a 0.6% first-quarter drop caused by fallout from President Donald Trump’s trade wars, the Commerce Department said Thursday. The department had p…
Trump Economy Surges as Consumer Spending Rises, Trade Deficit Shrinks.
PULSE POINTSWHAT HAPPENED: America’s economic resurgence under President Trump continues as Q2 2025 GDP growth is revised up to 3.8 percent, reflecting strong consumer spending, rising incomes, and a narrowing trade gap.WHO WAS INVOLVED: President Donald J. Trump, White House Deputy Press Secretary Kush Desai, and economic analysts.WHEN & WHERE: Q2 2025, United States.KEY QUOTE: “America’s economic resurgence under President Trump continues: rev…
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