---
title: US real GDP beat expectations (+3.0pct vs. +2.3pct according to consensus) but “Growth” is misleading.
description: "Q2 real GDP +3.0% was inflated by a +5.6% boost from COLLAPSING imports (a subtraction in GDP math).\n\nReal economy:\nInvestment -2.1%\nExports -0.19%\nConsumer spending only +0.8%\nSo ‘real economy’ is not collapsing but looks soft \n\nSource: The Coastal Journal"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [US real GDP beat expectations (+3.0pct vs. +2.3pct according to consensus) but “Growth” is misleading.](https://blog.syzgroup.com/syz-the-moment/us-real-gdp-beat-expectations-3.0pct-vs.-2.3pct-according-to-consensus-but-growth-is-misleading)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jul 31, 2025, 8:03:53 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/us-real-gdp-beat-expectations-3.0pct-vs.-2.3pct-according-to-consensus-but-growth-is-misleading)

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