India, July 30 -- The Commerce Department released a report on Wednesday showing the U.S. economy rebounded by more than expected in the second quarter of 2025.
The report said real gross domestic product surged by 3.0 percent in the second quarter after falling by 0.5 percent in the first quarter. Economists had expected GDP to jump by 2.5 percent.
The rebound by real GDP in the second quarter primarily reflected a sharp pullback by imports, which are a subtraction in the calculation of GDP. Imports plummeted by 30.3 percent in the second quarter after soaring by 37.9 percent in the first quarter.
An increase in consumer spending also contributed to the surge by GDP in the second quarter, while decreases in investment and exports limite...