aljazeera.com·3 min read·medium

US GDP growth dips as inflation and trade deficits pressure economy

A
Andy Hirschfeld
US GDP growth dips as inflation and trade deficits pressure economy
AI Summary

US GDP growth slowed to 1.5 percent in the second quarter of 2026, impacted by trade deficits and rising fuel costs. Despite the slowdown, consumer spending remained resilient, bolstered by tax refunds and continued investment in artificial intelligence.

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

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