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Analysis: US Second Quarter Data Severely Distorted, Weak Economic Growth Expected in Second Half of the Year
Summary: According to sources, analysts report that, similar to the first quarter, the main GDP data for the second quarter was severely distorted by trade. Economists urge attention to final sales to domestic private buyers, seen as a barometer of US economic growth. This indicator grew by 1.2% in the second quarter after a 1.9% increase ...
According to sources, analysts report that, similar to the first quarter, the main GDP data for the second quarter was severely distorted by trade. Economists urge attention to final sales to domestic private buyers, seen as a barometer of US economic growth. This indicator grew by 1.2% in the second quarter after a 1.9% increase in the first quarter. This marks the slowest domestic demand growth since the fourth quarter of 2022. Additionally, economists expect weak economic growth in the second half of the year. Despite the White House announcing a series of trade agreements, economists note that the actual tariff rates in the US are still among the highest levels since the 1930s, with around 60% of imports not yet affected by agreements.
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Link: Analysis: US Second Quarter Data Severely Distorted, Weak Economic Growth Expected in Second Half of the Year [Copy]
