US GDP growth dips as inflation and trade deficits pressure economy

GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in first quarter.

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Economic growth in the United States slowed in the second quarter amid a growing trade deficit and tensions between the US and Iran which weighed on global fuel prices.

The US Gross Domestic Product (GDP), a measure of goods and services, grew by 1.5 percent between April and June, marking a slowdown from 2.1 percent growth in the first quarter of 2026, according to the Commerce Department’s Bureau of Economic Analysis report released on Thursday.

US GDP growth dips as inflation and trade deficits pressure economy

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