The American economy grew by 3.3% in Q2, driven by investments in intellectual property, but trade tariffs are affecting future prospects.
Lara Maior
International
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The US GDP grew by 3.3% in the second quarter, exceeding initial estimates of 3%, due to investments in intellectual property, including artificial intelligence. However, economists warn that the negative effects of the trade tariffs imposed by the Trump administration will become more evident in the coming quarters, which could lead to a slowdown in economic growth. Additionally, the number of unemployment claims has decreased, but hiring is slowing down, and the unemployment rate could rise slightly. The Federal Reserve may lower interest rates to counteract risks in the labor market.
Sources
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