US economy grows at 3% in Q2, rebounding from first pullback in 3 years

[In It to Win It]

US economic growth rebounded in the second quarter after contracting for the first time in three years to start 2025.

Gross domestic product grew at annualized pace of 3% in the second quarter, according to the Bureau of Economic Analysis' advance estimate. Economists surveyed by Bloomberg had expected a 2.6% increase.

The reading comes after a large surge in imports ahead of President Trump's tariff whipsaw caused GDP to contract by 0.5% in the first quarter. The BEA noted that the second quarter bounce back reflected a a decrease in imports, which are a subtraction in the calculation of GDP.

Wednesday's GDP data covers the months of April through June, meaning it reflects activity during first three months that the widest swath of Trump's tariffs were in place. It does not, however, reflect recent tariff updates from July.

https://www.yahoo.com/finance/news/us-economy-grows-at-3-in-q2-rebounding-from-first-pullback-in-3-years-123438673.html

[BoRaGard]

1. "You know you can trust us to be totally truthy. Heh heh." - Krasnov (r-felon) & G.O.P. Liars, Inc.

Would you buy a used doughnut from a republicon?

[NCDem47]

2. Everything is great! Life is wonderful! #SoBlessed!***

*** if you're white, straight, Christian, and affluent

[LisaL]

3. Yes, and there is no climate change either.

[OrlandoDem2]

4. I don't believe these numbers at all.

[Greg_In_SF]

5. Every major financial

news outlet is confirming the numbers...CNBC, Bloomberg, Barron's, Yahoo Finance, Investor's Business Daily, etc.

They were all predicting 1.5 - 2.0.

[W_HAMILTON]

7. That's not how it works.

They aren't """confirming the numbers""" -- they are just reporting them. These outlets aren't going through and running the calculations to back up what the Trump administration claims. As you said yourself, they were predicting 1.5% to 2.0% -- but the Trump administration said it was 3.0%, and that is what they reported.

Given the outright lying that Trump and his administration were known for BEFORE he and his MAGAt buddies went through and cleaned house of all non-Trump loyalists they could find, it shouldn't come as a surprise that people are suspicious of these numbers. But ultimately, it doesn't matter, because the people themselves will decide whether they are happy with the Trump economy, and all signs point to the fact that they are NOT happy -- justifiably so, I would say.

[Greg_In_SF]

8. I don't think

you understand how The Commerce Department works.

[W_HAMILTON]

9. Oh, I do. But while we're doing this: I don't think you understand how fascism works.

Do you trust Patel's FBI?

Bondi's DOJ?

Kennedy, Jr.'s HHS?

Gabbard's NSC?

I damn sure would hope not.

But you trust the guy that oversees the agency responsible for reporting GDP data even though he said there was "no chance" of a recession due to Trump's economic policies.

As I said, we are at the point where the propaganda meets the road, so to speak. Americans are now finally feeling the effects of the Trump economy and they ain't liking it.

[moondust]

6. Or not.

Ron Insana told Stephanie Ruhle tonight that we may be looking at stagflation ahead.

[edhopper]

10. Domestic growth

is measured against imports. So when TSF's tariffs, caused a 15% drop in imports, the GDP appeared to be higher. Internal numbers are not good.

[uponit7771]

11. ***IMPORT DATA IS SKEWED*** Big fall on imports boosted GDP like big increase in

... imports last quarter made GDP fall.

- Negative corp spending outside of AI data centers
- consumer spend fall YoY, better than last quarter
- QoQ exports **FELL**

NONE of this is extra good news for economy that Trump continues to be unstable with.

[LudwigPastorius]

12. I sense a Sharpie at work.

[Strelnikov_]

13. I'd buy that for a dollar!!