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Economic Buzz: US economic growth rebounds to 3% in June quarter
31-Jul-2025 11:10
The US economy rebounded in the second quarter of 2025, growing at an annualised rate of 3% and reversing a 0.5% contraction seen in the first three months of the year. Growth in consumer spending, the mainstay of the US economy, edged up moderately by 1.4% across both goods and services. However, the US economy expanded at an annual rate of about 1.25% during the first half of the year, marking a slowdown from each of the two previous years, when the economy grew nearly 3%.

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