U.S. Economy Grew at a 3% Rate in Q2, a Better-Than-Expected Pace

Tiger Newspress
07-30

The U.S. economy grew at a much better than expected pace in the second quarter, powered by a turnaround in exports and renewed consumer strength, the Commerce Department reported Wednesday.

Gross domestic product, a sum of goods and services activity across the sprawling U.S. economy, jumped 3% for the April-through-June period, according to figures adjusted for seasonality and inflation.

That topped the estimate of 2.4% and helped reverse a decline of 0.5% for the first quarter that came largely due to a surge imports, which subtract from the total, as well as a weak consumer spending amid tariff concerns.

The period reported Wednesday includes President Donald Trump’s April 2 “liberation day” tariff announcement. Imports had jumped in the first quarters as companies sought to get ahead of the announcement.

Over the past three months, Trump has been engaged in multiple rounds of saber rattling and often intense negotiations with U.S. trading partners that have jangled nerves but nonetheless coincided with a subdued but solid pace of economic growth.

The talks have largely resulted in tariffs well above where they were at the beginning of the year but not as severe as initially proposed.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10