30 Jul 2025, 15:47
The US Economy Grew by 3% in the Second Quarter
- The US economy grew by 3% in the second quarter of 2025.
- The increase in imports positively contributed to the growth of GDP.
- Consumer spending remained at a low level.
Washington — The US economy showed an unexpected growth of 3% year-on-year in the second quarter, from April to June 2025. This rebound occurred after a decline of 0.5% in the first quarter, which was attributed to increased imports, as businesses sought to bring in goods ahead of the tariffs introduced by President Donald Trump.
According to data from the Commerce Department, the reduction in imports in the second quarter added more than 5 percentage points to the growth of GDP. Consumer spending remained at a low level — only 1.4%, although this is an improvement compared to the first quarter.
Economists had expected GDP growth at the level of 2% in the second quarter, but actual data exceeded these forecasts. The reduction in imports was an important factor that contributed to the growth, as businesses began to utilize their stocks instead of importing new goods.
Tags: USA/Economy