The rebound in the US economy in the second quarter was greater than expected, but the overall trend still appears to be slightly slowing.

BlockBeats news, on July 30, U.S. economic growth in the second quarter exceeded expectations, rebounding from the decline caused by trade conflicts at the beginning of the year. However, even so, the overall trend of economic growth still shows a slight slowdown, remaining at a lower level compared to recent years. Data shows that after excluding inflation factors, the initial value of the annualized quarter-on-quarter GDP growth in the U.S. for the second quarter increased by 3%, exceeding expectations. Compared to the first quarter's -0.5%, the growth in the second quarter constituted a significant rebound. At the beginning of the year, U.S. companies imported goods in large quantities in advance to avoid the tariff policies imposed by President Trump, leading to a surge in imports in the first quarter and significantly lowering the GDP growth for that quarter. However, in the following three months, this trend reversed. The radical tariff measures announced by Trump on April 2 initially did not have as severe an impact on businesses and consumers as expected, but rather promoted the recovery of economic data. (Jin10)