The American economy grew between April and June after shrinking in the first three months of the year, inspired by a large innings in the imports bound by President Trump’s trade policies.
In number
The Department of Commerce said on Wednesday that the country’s GDP increased at an annual rate of 3% in the second quarter. According to economists voted by the Financial Data firm FactSet, the GDP was estimated to grow for the period from April to June.
The number represents a stunning change for the first three months of 2025, when GDP fell 0.5%, the worst quarterly performance for the US economy from the beginning of 2022. The new data also shows that consumers have increased spending since the previous quarter, with an increase of 1.4%, from January to March up to 0.5%, but still below 4% below 4%. Last Quarter of 2024.
What does the number mean
The GDP data offers a broad yardstick to measure the overall health of the economy.
GDP slipped in the first quarter, fell 0.5% from January to March, roughly increased US imports, consumers and businesses ran to buy goods from abroad, before the tariffs became effective.
The latest data suggests that in the second quarter, from April to June, that trend began making changes with a major decline and increase in exports – indicating that the United States is shutting down trade intervals, President Trump has repeatedly cited as the basis of his tariff policy.
Nevertheless, analysts noted that if you add a 3% growth rate in GDP in the second quarter, if you add a decline of 0.5% in the first quarter, the average growth rate for the first six months of 2025 is 1.25%.
