U.S. Economic Growth Likely Accelerated in First Quarter, Consumer Spending Slows
U.S. economic growth is expected to have accelerated in the first quarter of 2026, driven by a rebound in government spending following a government shutdown, but consumer spending is projected to slow due to rising gasoline prices from the war with Iran. The growth is anticipated to be short-lived, with GDP growth estimated at a 2.3% annualized rate.
Topics: AI investment consumer spending gasoline prices GDP forecast government spending U.S. economic growth