July 31, 2025

GDP surged in the second quarter after sliding earlier this year

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Investors await key economic data



Investors await new key economic data, interest rate decision

03:36

The U.S. economy surged between April and June after shrinking in the first three months of the year, driven by a large shift in imports tied to President Trump’s trade policies.

By the numbers

The country’s GDP increased at an annual rate of 3% in the second quarter, the Commerce Department said Wednesday. GDP was forecast to grow at a 2% pace for the April-to-June period, according to economists polled by financial data firm FactSet. 

— This is a developing story and will be updated

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