The GDP of the United States grew by 3.8% in the second quarter, reaching the highest economic growth rate in nearly two years.

[Coin World] On September 25, the U.S. economy grew at its fastest pace in nearly two years in the second quarter, with the government also raising its previous estimates for consumer spending. A report released by the U.S. on Thursday showed that inflation-adjusted U.S. GDP grew at an annualized rate of 3.8% after revisions, which is stronger than the previously reported 3.3% growth, while the first quarter saw a complete contraction. The data indicates that the annual revisions are relatively small, and from 2019 to 2024, real GDP continues to rise at an average annual rate of 2.4%, painting a picture of an economy rapidly rebounding from the initial shocks of the pandemic, which has since transitioned into a more stable trend growth period, despite the persistence of inflation. The latest quarterly GDP data confirms that after a significant surge in imports earlier this year, the U.S. economy rebounded in the second quarter. The economy in the third quarter also appears robust, with recent reports showing resilience in both consumer spending and business equipment expenditure. Economists expect that the personal consumption expenditure data for August, set to be released on Friday, will show an increase of nearly 3% compared to the same period last year.