GDP

[WASHINGTON] The US economy grew at a weaker-than-expected pace in the second quarter despite a pickup in consumer spending and solid business investment.  

But strong dependence on tech is a downside risk if the sector hits a slump

The acceleration from Q1 is supported by growth in all sectors apart from agriculture

The government could report a 4.5% gain in Q2 GDP on Wednesday, according to a Bloomberg survey

The median estimate for 2026 GDP rises to 7.3% as the inflation forecast climbs to 4.8% from 4.3%, according to the survey

The country is trying to shift into an even higher gear after H1 growth topped 8%

Gross domestic product increased at an upwardly revised 2.1% annualised rate last quarter

Regional growth in H2 is expected to slow amid high oil prices, US tariffs and fiscal concerns, says economist

The downgrade to Q1 GDP estimate reflected downward revisions to inventory investment and consumer spending