US GDP Grows by 3% in Second Quarter
The US economy grew in the second quarter thanks to a pickup in consumer spending and a drop in imports. Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased an annualized 3% after shrinking at a 0.5% rate in the previous period, according to preliminary government data out Wednesday. Bloomberg’s Michael McKee reports.
——–
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTechnology
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
@quarkybill
August 14, 2025 at 9:02 am
The 2nd quarter GDP figures release was delayed. I bet you 10:1 odds that this isn't just biased because of an increase in imports in the 1st quarter but that it's ginned.
BTW China and India have had stronger GDP growth than the US, albeit may come crashing down if the US is actually in a recession.
@Snarfsnarf167
August 14, 2025 at 9:02 am
Settle down beavis. Just wait till manufacturing starts to boom once domestic construction projects are completed.
@Liverpool4life5
August 14, 2025 at 9:02 am
Prob end the year higher than 3%
Which would be a first in many years
@fightinspirit
August 14, 2025 at 9:02 am
This economy is just getting started, I mean it's on fire now! But I can't wait to see what it looks like a year from now.
@ImrightYourewrong-gs4pz
August 14, 2025 at 9:02 am
America keeps winning as long as we have a president like trump, because
@unclerandy1023
August 14, 2025 at 9:02 am
You guys were saying we were headed into a recession🤣🤣
@gimmeshelter1969
August 14, 2025 at 9:02 am
Millions of Americans say they believe that the economy has been in recession for many months and today the Federal Government informs them that they are WRONG! Hey America, the economy grew by 3%!! 😂
@jakeeasterwood9317
August 14, 2025 at 9:02 am
Surf’s up! Democrats are drowning in the undertow of the wave that Trump is riding. 🌊
@CPATuttle
August 14, 2025 at 9:02 am
Trump was right. He went against popular belief. “Experts” said his tariffs would bring stagflation. Instead we are getting economic growth and a budget surplus
@CBEACHMEDIA
August 14, 2025 at 9:02 am
Nice win for Trump
@Gazilliona1re
August 14, 2025 at 9:02 am
Thats a large swing Q1 2025 -0.5% to Q2 2025 3.0%. It almost doesn't seem believable given all of the layoffs we are seeing.
@smokeytombs
August 14, 2025 at 9:02 am
One needs to look deeper than the 3% growth shiny object which is being driven mainly by trade distortion. Imports dropped by 5%. which are subtracted in the calculation of GDP so a 5% reduction is substantial and an artificial boost. Exports also decreased by 1.8% indicating that there's soft global and domestic demand. Business and residential investment is flat. It's not really as pretty as it seems on the surface.
@ihmpall
August 14, 2025 at 9:02 am
Thanks Biden economy like Trump said
@1952RONALD
August 14, 2025 at 9:02 am
Fake news!😂😂😂😂
@jamesestelle7260
August 14, 2025 at 9:02 am
Sooooo in layman's terms…. Trump's economy is GROWING higher than expected, we bought all the crap that's in storage and we will begin to buy new products now that both the BBB and the UN deal went through. Unemployment is steady, inflation is down from last year considerably, and interest is where it should be. Where is the issue in all of this?
@BenDn-jx9xe
August 14, 2025 at 9:02 am
dude if youre gonna read a table, put the table on the screen
@harrymanko
August 14, 2025 at 9:02 am
Expect volatile numbers
@nestorgarcia5926
August 14, 2025 at 9:02 am
When u can print ur own money, you don't need to work for it or earned it. And the one's who print it and don't earned it. Those are the parasites who also use and waste all the money. And for the correction of this action( It happens every decade or so) A unavoidable economical crash (No surprise really) When will the U.S. Citizens Learn??????? If the people of the United States stand for freedom. Are they really free? 😂 Black people were not free in Colonist History less than 250 Years ago. Do U.S. of A citizens Really Have truly Rights and Freedom to the Power of the Nation they claim to be from?Then when this next Disastrous Economic Crash happens, Be sure to hold them Responsible!!!! Stock Markets, Banks, Economy Experts in Positions of Government, The Media for feeding their Lies to You, No Bails for any corporation or institution, or Entity before a US Taxpayer.
~DaRealest~
@wtfdoino605
August 14, 2025 at 9:02 am
What was the executive convicted of again? Oh yeah, lying about valuations.
@joedav02
August 14, 2025 at 9:02 am
Man, this is so sad. We’re heading into a depression quick – every libtard since Jan
@AnonymousBoy_764
August 14, 2025 at 9:02 am
MAGAAAA
@AndrewInThaPlace2B
August 14, 2025 at 9:02 am
I think the US is actually now on the cusp of an economic boom
Comments are closed.