US second-quarter GDP growth slows to 1.5% as trade deficit and fuel costs weigh on economy
The US economy grew at an annualised rate of 1.5% in the second quarter, according to a Commerce Department report released on Thursday. That was down from 2.1% in the first quarter, marking a clear slowdown in growth between April and June. The report points to a wider trade deficit and higher fuel costs as key pressures on activity.The Bureau of Economic Analysis said consumer spending rose 3.2% over the quarter, helped by tax refunds linked to President Donald Trump's One Big Beautiful Bill Act. At the same time, the average price of petrol climbed to $4.09 a gallon, up... [Continue Reading]
360LiveNews | 30 Jul 2026 17:33 LONDON
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