U.S. real gross domestic product (GDP) increased at an annual rate of 3.0% in the second quarter of 2025, according to advance estimates released by the U.S. Bureau of Economic Analysis (BEA) on Wednesday.
In the first quarter of 2025, real GDP had decreased 0.5%, according to the BEA. The increase in real GDP in the second quarter of the year primarily reflected a decrease in imports and an uptick in consumer spending, the BEA reported.
Still, some economists expect President Donald Trump’s tariffs to negatively impact GDP growth in the coming months, the New York Times reported on Wednesday.
“We don’t think we’ve seen the full effects from tariffs yet,” Michael Gapen, chief U.S. economist for Morgan Stanley, told the NYT. “I don’t see how we power through without a soft patch at least for a little while.”
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
The U.S. military is racing to build defenses against a threat American forces have repeatedly…
Reflecting contemporary economic realities, many of what have traditionally been considered life’s mainstays have become…
As if the new abortion laws do not sicken a sane person with a modicum…
The global expansion of Chinese artificial intelligence data centers sounded alarm bells for the Trump…
The New York Times Passes the Tabloid Test with Flying Colors: Canada Hires 48 Scholars Away From…