U.S. Second Quarter GDP Revised to 1.5% Annual Rate

The U.S. Bureau of Economic Analysis (BEA) released its second estimate for real gross domestic product (GDP) in the second quarter of 2026, showing an annual increase of 1.5 percent. This follows a 2.1 percent increase in the first quarter and was primarily driven by growth in consumer spending, exports, and investment, despite a decrease in government spending.