U.S. Economy Picks Up in Q2 After Contracting Earlier This Year
- rendall6
- 1 day ago
- 1 min read
The U.S. economy grew at a rate of 3% between April and June, marking a shift after it
shrank during the first quarter for the first time in three years. Gross Domestic Product came in higher than expected after Dow Jones estimated the jump to be closer to 2.3% for the second quarter. The economy’s surge was powered by a drop in imports resulting from President Donald Trump’s new trade policies. GDP is the broadest measure of an economy’s health, and its mid-year upswing is a good sign for U.S. markets.