U.S. economy grows at sluggish 1.5% pace in second quarter
Fortune 47
The U.S. economy grew at a sluggish 1.5% pace from April through June, with GDP growth slowing from 2.1% earlier in the year. Consumer spending rose at a 3.4% annual clip, while imports grew 12.5% and cut 1.64 percentage points from second-quarter GDP growth. The report points to continued resilience via 8.5% business investment growth and 4.2% underlying growth, with AI-related chip shipments boosting imports.