The rebound of the US economy in the second quarter was greater than expected, but the overall trend still slightly slowed down

According to BlockBeats, on July 30th, the US economy grew faster than expected in the second quarter, rebounding from the decline caused by trade conflicts at the beginning of the year. However, even so, the overall trend of economic growth has slightly slowed down and is at a lower level compared to recent years. The data shows that after excluding inflation factors, the initial annualized quarterly rate of real GDP in the United States in the second quarter increased by 3%, exceeding expectations. Compared with -0.5% in the first quarter, the growth in the second quarter constituted a significant rebound. At the beginning of the year, American companies imported a large number of goods in advance to avoid President Trump's policy of raising tariffs, resulting in a surge in imports in the first quarter and significantly lowering GDP growth for that quarter. And in the next three months, this trend reversed. The radical tariff measures announced by Trump on April 2nd did not initially have the expected severe impact on businesses and consumers, but instead led to the repair of economic data. (Golden Ten)