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- Claim Text
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That was an acceleration from the 0.5 percent rate in the beginning of the year, but well below the 2.8 percent growth in spending in 2024.
- Simplified Text
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1.4 percent consumer spending acceleration from 0.5 percent beginning year below 2.8 percent 2024
- Confidence Score
- 1.000
- Claim Maker
- The author
- Context Type
- News Article
- Context Details
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{ "date": "2025-07-30", "subject": "U.S. Economy", "statistic": "1.4 percent annual rate", "comparison": "Acceleration from 0.5 percent, below 2.8 percent in 2024", "time_period": "Second quarter 2025" } - Subject Tags
- UUID
- 9fdae124-3b20-4a8a-b00f-4c063d35b930
- Vector Index
- ✗ No vector
- Created
- September 11, 2025 at 8:58 PM (3 days ago)
- Last Updated
- September 11, 2025 at 8:58 PM (3 days ago)
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3 days ago
https://www.nytimes.com/2025/07/30/business/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html
US economic growth slowed in the first half of 2025 due to tariffs impacting trade and consumer spending. GDP rebounded in Q2, but underlying growth remained weak.
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