US economy grows at solid pace to start 2026
Summary
The United States economy grew at a 2% annual rate in the first three months of 2026, improving from 0.5% growth in the previous quarter. This growth happened mostly before the start of the Iran war in late February, which later affected gas prices and raised concerns about a recession.Key Facts
- The U.S. economy grew at an annualized rate of 2% in Q1 2026.
- This growth rate increased from 0.5% in the previous quarter.
- The actual growth was slightly below what economists expected.
- The report covers the first three months of 2026.
- Most of this period was before the Iran war began on February 28, 2026.
- The Iran conflict caused gasoline prices to rise after the first quarter.
- There were warnings that the war and price increases might lead to a recession.
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