US economy grew faster than first reported in the second quarter of the year. It grew at a 3.8% annual rate, up from the original estimate of 3.3%.

This faster growth happened due to fewer imports and more consumer spending. Businesses also invested more in Artificial Intelligence (AI).

However, the economy slowed down after that. In the first quarter, the economy shrank by 0.6%, a bit worse than first thought.

This was partly because businesses rushed to bring in imports before President Trump’s new import taxes started, which made imports spike and hurt the economy in that quarter. When imports slowed down in the second quarter, the economy bounced back.

Experts say that the first and second quarter numbers do not fully show how the economy is doing because imports have been changin

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