Key Facts

• The economy grew at a 1.5% annual rate in the second quarter of 2025, slower than the 2.1% in the first quarter.
• Since the start of 2025, the U.S. economy has grown at about a 2% yearly rate, close to its long-term trend.
• President Trump’s officials predicted much higher growth, up to 6%, but these projections have not been met.
• Consumer spending and investments in artificial intelligence infrastructure have helped the economy stay resilient.
• Tariff uncertainty, inflation, and international tensions such as the Iran war have complicated economic growth.
• In recent polling, more Americans favored Democrats over Republicans on economic policy for the first time in nearly ten years.
• The Atlanta Federal Reserve estimates current quarter growth could be as high as 6%, but economists warn this figure may change as more data comes in.
• The Congressional Budget Office forecasts U.S. economic growth will average about 2% per year over the next decade.