US Q2 Growth Slows to 1.5%; Iran War Drags Economy

The U.S. economy grew at a weaker-than-expected annualized rate of 1.5% in the second quarter, with June core inflation at 3.3%. This slowdown is attributed to factors like the Iran war weighing on growth and a widening trade deficit, despite robust consumer spending and business investment.

Coverage

• U.S. economy slowed in second quarter as Iran war weighs on growth
• US economy slowed more than expected as the Iran war took hold
• US economy’s growth was weaker than expected in the second quarter - CNN
• U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
• US GDP Grows Less-Than-Expected 1.5% in Second Quarter
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