Economists warn: The growth rate of domestic demand in the U.S. slowed in the second quarter, raising concerns about the economic outlook.

On July 30, 【Block Rhythm】, institutional analysis stated that, similar to the situation in the first quarter, the main GDP data for the second quarter was severely distorted by trade. Economists urge to follow the final sales aimed at domestic private buyers, which is viewed by economists and policymakers as a barometer of U.S. economic growth. This indicator grew by 1.2% in the second quarter after rising 1.9% in the first quarter.

This is the slowest rise in domestic demand since the fourth quarter of 2022. Moreover, economists expect sluggish economic growth in the second half of the year. Although the White House has announced a series of trade agreements, economists say that the actual tariff rate in the U.S. remains one of the highest levels since the 1930s, noting that about 60% of U.S. imports are still unaffected by the agreements.