US First-Half Growth Comes in Slower Than 2024
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US economic growth slowed through the first half of the year as consumers reduced spending and companies sought to inoculate themselves from the Trump administration’s frequent and unpredictable shifts in trade policy.
Inflation-adjusted gross domestic product, which measures the value of goods and services produced in the US, increased an annualized 3% in the second quarter, according to the US government. But as solid as the pace was, economic growth averaged 1.25% in the first half, a full percentage point below the pace for 2024.