US economic growth slows to 1.5% in second quarter
Summary
The US economy grew by 1.5% in the second quarter of 2026, which is slower than the 2.1% growth in the first quarter. The slower growth was mainly because government spending, business investment, and exports fell, though consumer spending increased.Key Facts
- The US economy grew at an annual rate of 1.5% from April to June 2026.
- Growth in the first quarter of 2026 was 2.1%.
- The slowdown was caused by lower government spending.
- Business investment also decreased during this period.
- Exports were down, contributing to slower growth.
- Consumer spending rose, helping the economy a bit.
- The economy is still affected by ongoing financial issues linked to the war with Iran.
- US businesses are dealing with tariffs, which impact trade and growth.
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