Reported 1 day ago
The US economy showed a strong recovery in the second quarter of 2025, with a 3% annualized growth rate after a 0.5% contraction in the first quarter. This rebound, contrary to economists' expectations of a 2.6% growth, was influenced by a decline in imports, which negatively impact GDP calculations. However, underlying economic conditions indicated potential slowing growth, with private domestic sales increasing by only 1.2%. The recent economic data reflects activity amidst President Trump's significant tariff policies, leading to fluctuating recession fears among investors.
Source: YAHOO