US EditionU.S. economy picks up in Q2 after contracting earlier this year
UNITED STATES, JUL 30 – The 3% growth in Q2 was driven by the largest drop in imports since the COVID-19 pandemic, contributing over 5 percentage points to the rebound, officials said.
- On Wednesday, the Commerce Department reported that America’s GDP grew by 3% in Q2 after contracting at 0.5% in Q1.
- Amid trade policy shifts, a drop in imports in Q2 added more than 5 percentage points to growth, following earlier import front-loading in Q1.
- Private investment fell 15.6%, the largest drop since COVID-19, while consumer spending registered 1.4% growth, the Commerce Department reported.
- With inflation easing, the Federal Reserve gained more room for rate adjustments, after the Commerce Department reported the 3% Q2 GDP growth, and President Donald Trump hailed the gain on Truth Social.
- Despite the mid-year rebound, the Commerce Department reported that the first six months of 2025 saw a 1.2% growth rate, below last year’s 2.5%.
29 Articles
29 Articles
U.S. Economy Picks Up in Q2 After Contracting Earlier This Year
by Caroline Boda The U.S. economy grew at a rate of 3% between April and June, marking a shift after it shrank during the first quarter for the first time in three years. Gross Domestic Product came in higher than expected after Dow Jones estimated the jump to be closer to 2.3% for the second quarter. The economy’s surge was powered by a drop in imports resulting from President Donald Trump’s new trade policies. GDP is the broadest measure of …
Along with a strong second-quarter rebound for the U.S. economy, some red flags
The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions from President Donald Trump’s trade wars
U.S Economy Roars Back In Q2: "No Inflation! Let People Buy"
The U.S. economy grew at an annualized rate of 3% in the second quarter, a sharp rebound from the 0.5% contraction seen earlier this year, according to the Commerce Department. The growth was largely driven by a steep decline in imports, which fell 30.2% after surging in the first quarter. Businesses drew from existing inventories rather than bringing in new goods ahead of President Trump’s tariff increases. TRUMP EFFECT. pic.twitter.com/qKroGXD…
JUST IN: Trump Agenda Vindicated As Economy Explodes In Q2
America’s economists are ebullient about new economic numbers released Wednesday showing that the country’s economy grew at a healthy clip over the past quarter, surpassing expectations and vindicating President Donald Trump’s approach to ongoing trade negotiations. Gross domestic product, or the combined value of all goods and services produced by the U.S., rose by 3% in the second quarter, according to news out of the U.S. Bureau of Labor Stat…
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