In record time, US President Trump has transformed a strong economy into one on the brink of recession and a booming stock market into a collapsing one. This week, we came perilously close to a full-scale financial crisis—one that may have been narrowly avoided when Trump partly conceded defeat. Yet the danger is far from over, and the damage will be long-lasting. How did we get here?| Rangvid’s Blog
Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.5 percent. The increase in real GDP in the second quarter primarily reflected a decrease in imports, which are a subtraction in the calculation of GDP, and an increase in consumer spending. These movements were partly offset by decreases in...| www.bea.gov