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"Strong" Q2 GDP Growth Not Actually As Robust As It Sounds? | New Harbor Financial
The initial Q2 2025 GDP growth number was just released and it beat expectations handily, coming in at a "strong" 3.0%But...when looking just a little bit beneath the surface, the data doesn't look as impressive as on first glance. For example, the biggest contributor by far to the "beat" was shrinking inventories relative to the massive Q1 pre-orders that were made as corporations front-ran the Trump tariffs.So, just as the negative Q1 GDP number wasn't truly as bad as it seemed, similarly the Q2 number isn't as robust as the headline suggests.The team from New Harbor Financial and I dig…
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