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In It to Win It

(11,243 posts)
Wed Jul 30, 2025, 08:51 AM Wednesday

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

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
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US economy grows at 3% in Q2, rebounding from first pullback in 3 years (Original Post) In It to Win It Wednesday OP
"You know you can trust us to be totally truthy. Heh heh." - Krasnov (r-felon) & G.O.P. Liars, Inc. BoRaGard Wednesday #1
Everything is great! Life is wonderful! #SoBlessed!*** NCDem47 Wednesday #2
Yes, and there is no climate change either. LisaL Wednesday #3
I don't believe these numbers at all. OrlandoDem2 Wednesday #4
Every major financial Greg_In_SF Wednesday #5
That's not how it works. W_HAMILTON Yesterday #7
I don't think Greg_In_SF Yesterday #8
Oh, I do. But while we're doing this: I don't think you understand how fascism works. W_HAMILTON Yesterday #9
Or not. moondust Yesterday #6
Domestic growth edhopper Yesterday #10
***IMPORT DATA IS SKEWED*** Big fall on imports boosted GDP like big increase in uponit7771 Yesterday #11
I sense a Sharpie at work. LudwigPastorius Yesterday #12
I'd buy that for a dollar!! Strelnikov_ Yesterday #13

BoRaGard

(6,604 posts)
1. "You know you can trust us to be totally truthy. Heh heh." - Krasnov (r-felon) & G.O.P. Liars, Inc.
Wed Jul 30, 2025, 08:57 AM
Wednesday

Would you buy a used doughnut from a republicon?

NCDem47

(2,926 posts)
2. Everything is great! Life is wonderful! #SoBlessed!***
Wed Jul 30, 2025, 09:27 AM
Wednesday

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

Greg_In_SF

(424 posts)
5. Every major financial
Wed Jul 30, 2025, 10:28 PM
Wednesday

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

(9,388 posts)
7. That's not how it works.
Thu Jul 31, 2025, 12:23 AM
Yesterday

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.

W_HAMILTON

(9,388 posts)
9. Oh, I do. But while we're doing this: I don't think you understand how fascism works.
Thu Jul 31, 2025, 12:40 PM
Yesterday

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.

edhopper

(36,417 posts)
10. Domestic growth
Thu Jul 31, 2025, 12:44 PM
Yesterday

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

(93,113 posts)
11. ***IMPORT DATA IS SKEWED*** Big fall on imports boosted GDP like big increase in
Thu Jul 31, 2025, 12:54 PM
Yesterday

... 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.

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