Dconomic activity weakened between April and June as energy costs surged, new government data shows.
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July 30, 2026 / 8:42 AM EDT
/ CBS News
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The nation's gross domestic product grew at an annual rate 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth.Economists polled by Reuters predicted GDP would rise at an annualized rate of 2.1% for April to June. GDP measures the total value of goods and services produced in the U.S. — This is a developing story and will be updated
The U.S. economy is expected to have slowed slightly in the second quarter.
The United States saw slowing growth in the second quarter, the Commerce Department said Thursday, with the fallout from…
Consumer spending surged at a rate of 3.2%, buoyed by bigger tax refunds and higher gas prices.
GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in the first quarter.
The Commerce Department reports the U.S. economy is barely chugging along.
The report shows that the economy was growing at a relatively strong clip as the war with Iran began. Since then, inflation has…
U.S. economic growth slowed unexpectedly in the second quarter, as tariffs and Iran war cut into gains
