GDP rose at 2% annual rate in 1st quarter
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Real GDP rose at 2.0% annual rate in Q1, falling short of the 2.2% forecast but marking an acceleration from the 0.5% final estimate seen in Q4 of last year.
Tariffs and a spike in inflation because of the Iran war have been among the factors causing uncertainty about the economy, forecaster says.
The climbing limo method of forecasting future GDP in the US projects the nation's economic output in the recently finished Q1 2026 will be around $31.5 trillion. Read more here.
The U.S. economy grew 2.0% in the first quarter of 2026, supported by investment, exports, and government spending, but faces rising risks from broad tariffs, war-related inflation, and record debt burdens. Mark Cuban warns import duties could trigger a ...
Join the Business Journal as we hear about the state of the economy from industry experts and the Federal Reserve Bank of Philadelphia.
On Thursday, April 30, economists Anil Puri and Mira Farka revised their predictions for the year, writing in a semi-annual report that they expect inflation to climb into “the high-3s,” up from the previously anticipated 3.5% in the year’s first three months.
The race to build out artificial intelligence capabilities helped keep the U.S. economy expanding at a solid pace during the first three months of the year, but the fallout from the latest Middle East conflict could weigh on growth in the months ahead.