US economy grows at solid pace to start 2026
The U.S. economy grew at an annualized rate of 2% in the first quarter of 2026, rebounding from the previous quarter's 0.5% growth but slightly missing economist expectations. The increase was driven by government spending, exports, and investment, while consumer spending slowed despite high inflation pressures. The data predates the Iran conflict that began at the end of February, which has since driven up oil prices and raised concerns about future economic stability.
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ABC NewsLiveVideoShowsGood Morning AmericaShopGMAInterest Successfully AddedWe'll notify you here with news aboutTurn on desktop notifications for breaking stories about interest? OffOnStream onUS economy grows at solid pace to start 2026The reading came in slightly lower than economists expected.ByMax ZahnApril 30, 2026, 8:34 AMLivePeople walk along Broadway with shopping bags in Manhattan on February 27, 2026 in New York City.Spencer Platt/Getty ImagesThe United States economy grew at a solid pace over the first three months of 2026, rebounding from sluggish performance at the end of last year, a government report on Thursday showed.The economy grew at an annualized rate of 2% in the first quarter, marking an acceleration from 0.5% growth recorded in the previous quarter.
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