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.”
All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
