US economy growth: GDP expands at surprising 3.8% pace in April-June quarter; trade shifts drive second quarter upgrade
US economy growth: GDP expands at surprising 3.8% pace in April-June quarter; trade shifts drive second quarter upgrade
The US economy rebounded in the second quarter with a surprising 3.8% growth, a significant upgrade from the previous estimate, following a contraction attributed to trade policies. A sharp drop in imports and accelerated consumer spending fueled the surge. However, economists caution that tariffs risk slowing growth and unsettling businesses, as job growth has slowed considerably.
The US economy rebounded in the second quarter with a surprising 3.8% growth, a significant upgrade from the previous estimate, following a contraction attributed to trade policies. A sharp drop in imports and accelerated consumer spending fueled the surge. However, economists caution that tariffs risk slowing growth and unsettling businesses, as job growth has slowed considerably.
The US economy rebounded in the second quarter with a surprising 3.8% growth, a significant upgrade from the previous estimate, following a contraction attributed to trade policies. A sharp drop in imports and accelerated consumer spending fueled the surge. However, economists caution that tariffs risk slowing growth and unsettling businesses, as job growth has slowed considerably. 
