https://www.taxtmi.com/news?id=50997 The national output expanded at an annualized three percent in the second quarter, rebounding after a prior quarter contraction. A substantial drop in imports added more than five percentage points to headline growth by reducing the subtraction of foreign goods. Consumer spending rose modestly at 1.4 percent, and the prior quarter's decline stemmed largely from a surge in imports as firms front loaded purchases ahead of trade tariffs. en-us Wed, 30 Jul 2025 18:16:03 +0530 Wed, 30 Jul 2025 18:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50997 The national output expanded at an annualized three percent in the second quarter, rebounding after a prior quarter contraction. A substantial drop in imports added more than five percentage points to headline growth by reducing the subtraction of foreign goods. Consumer spending rose modestly at 1.4 percent, and the prior quarter's decline stemmed largely from a surge in imports as firms front loaded purchases ahead of trade tariffs. News - Wed, 30 Jul 2025 18:16:03 +0530 https://www.taxtmi.com/news?id=50997