U.S. economy sees 3% growth in second quarter

News | By Easton Martin | July 30, 2025

The U.S. economy expanded at an annualized rate of approximately 3.0 percent in the second quarter of 2025, figures that surpassed economists’ forecasts of around 2.4 percent and underscored stronger-than-expected resilience. The rebound follows a 0.5 percent contraction in the first quarter.

A key driver of the rebound was a sharp drop in imports, particularly from areas impacted by tariffs, which boosted GDP through accounting effects. However, underlying growth indicators were softer. Consumer spending rose modestly, and private investment declined sharply. 

In a statement, President Trump hailed the 3 percent growth rate as “way better than expected,” validating his economic agenda and calling on the Federal Reserve to lower borrowing costs to fuel further gains in the housing market and broader economy.