U.S. GDP Growth Slows to 1.5% in Second Quarter, Missing Forecasts
- Source
- Oilprice.com
- Source link
- https://oilprice.com/Finance/the-Economy/US-GDP-Growth-Slows-to-15-in-Second-Quarter-Missing-Forecasts.html
- Published
- 2026-07-30 17:00:00
- Discovered by ProcIntel
- 2026-07-31 08:54:21
- Category
- Commodities & Raw Materials
- Geography
- Global
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
The US economy grew at a far weaker than expected pace in the second quarter despite a pickup in consumer spending and solid business investment. According to the BEA, GDP (inflation adjusted) rose just 1.5% in the period, according to the first estimate issued Thursday by the Bureau of Economic Analysis. This was well below the 2.0% median estimate. The contributors to the increase in real GDP in the second quarter were increases in consumer spending, investment, and exports that were partly offset by a decrease in government spending. A…
Procurement Relevance Gate
- geographic_exposure (weight 8) — matched on "1 linked geography"
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