According to BlockBeats, on July 30th, institutional analysis stated that, similar to the first quarter, the main GDP data for the second quarter was severely distorted by trade. Economists urge attention to final sales to domestic private buyers, which are seen by economists and policymakers as a barometer of US economic growth. This indicator increased by 1.2% in the second quarter, following a 1.9% growth in the first quarter.
This is the slowest growth in domestic demand since the fourth quarter of 2022. In addition, economists expect weak economic growth in the second half of the year. Although the White House has announced a series of trade agreements, economists say that the actual tariff rates in the United States are still at one of the highest levels since the 1930s, and point out that about 60% of US imports have not been affected by the agreements. (Golden Ten)
