Second Quarter should have set up to look spectacular in light of the contrived, self-inflicted wounds inflicted by "the adults" which had GDP growth at -.5% in the first quarter. Now even 2d Quarter looks pretty ordinary. There will be a short-lived sugar high when Congress eventually explodes the deficit cuts taxes this month or next. Then, slow growth if any and inflation creeping higher. Presidents don't really deserve a lot of credit for the American economy, but Daddy sure has fucked up the decent economy he inherited.
Look especially at the negative private domestic investment. Think Japan's "lost decades" or Canada since 2014. That's what you girls aspire to?
Hurrah for the adults!
Latest estimate: 2.5 percent — July 01, 2025
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2025 is 2.5 percent on July 1, down from 2.9 percent on June 27. After this morning’s releases from the US Census Bureau and the Institute for Supply Management, the nowcasts of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.7 percent and -11.1 percent, respectively, to 1.5 percent and -11.9 percent.