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US economy bounds back, expanding 3%, but headline growth number masks weaknesses
Still, details of the report suggested that U.S. consumers and businesses are wary about the economic uncertainty arising from Trump's radical campaign to restructure the American economy by slapping big taxes — tariffs — on imports from around the world.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
Trump cheered the strong GDP figures in a post on Truth Social Wednesday morning: “No Inflation! Let people buy, and ...
The size of the U.S. economy grew in the second quarter of this year by a lot — 3%, annualized . That’s after it contracted ...
The 25 per cent tariff announced by Donald Trump on exports to the United States will have a 'negligible' impact on the Indian economy, government sources told NDTV Friday afternoon.
Nebraska and Iowa tied for the states with the largest losses of Gross Domestic Product in the first quarter of 2025, of 6.1% ...
Tariffs are rising sharply in 2025, with the US rates jumping to 13.3%—the highest since 1939—fueling global uncertainty and ...
Nigeria’s Gross Domestic Product (GDP) grew by 3.13percent (year-on-year) in real terms in the first quarter of 2025 ...
A preliminary estimate from the Central Statistics Office shows that Irish gross domestic product fell 1% in the second ...
Exports of goods and services surged 35.10% in the second quarter, higher than the 20.29% growth in the first quarter. Both persistent demand for Taiwan's key technological products and front-loaded ...
Even as the government has been guarded in its response to US President Donald Trump’s tariffs so far, an official has said ...
The US economy rebounded to an annualised rate of 3 per cent in the second quarter amid huge swings in imports, but there were some signs of slowing underlying growth. Second-quarter GDP was driven ...
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