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Reply to "Trump 47 Economy"
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[quote=Anonymous]Administration claims GDP grew at 3%, rebounding from the pullback last quarter. However, Capital Economics North America Thomas Ryan economist pointed out that within the release there were still signs of slowing economic growth. Growth in sales to private domestic purchasers, which economists often reference as a key signal of underlying economic growth within the GDP release, rose 1.2% in the second quarter. This was lower than 1.9% growth seen in the first quarter and the slowest pace of growth since 2022. The tariff impact is still hanging over the economy and mass layoffs currently taking place will be a drag in future quarters.[/quote]
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