Q2 GDP Report Released

Q2 GDP Report Released The United States Commerce Department released its second-quarter Gross Domestic Product (GDP) report on July 30, 2026, indicating a slower-than-expected annual growth rate of 1.5%. This figure fell short of economists' predictions, who had anticipated a 2.1% rise for the April to June period. The report highlights an economy navigating the complexities of global events, including the impact of the Iran conflict on energy costs and supply chains. Despite these headwinds, consumer spending demonstrated resilience, providing a key support for economic activity. - The U.S. economy grew at an annual rate of 1.5% in the second quarter of 2026. - This growth rate was weaker than the 2.1% economists had predicted. - The Iran conflict and rising oil prices contributed to inflationary pressures and impacted growth. - Consumer spending remained healthy, acting as a buffer against economic slowdowns. - Investment in artificial intelligence continues to be a significant driver of economic momentum. Why this poll exists: Users are being asked to vote on their outlook for the U.S. economy in the second half of 2026, considering the recently released Q2 GDP report and ongoing economic factors. Source: CBS News