The size of the U.S. economy grew in the second quarter of this year by a lot — 3%, annualized . That’s after it contracted in the first quarter by 0.5%. But as is so often the case in economics and elsewhere, looks can be deceiving.

Wednesday brought the first official estimate of how much the U.S. economy grew in April through June. Here’s what to know: Gross domestic product grew at a 3% rate in the second quarter. That marked

The U.S. expanded at a 3% annual pace in the second quarter, masking signs of weakness in the economy as businesses and consumers grappled with how to respond to ongoing trade wars.