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EN
US Q2 GDP grows 1.5% as jobless claims hold below expectations
['Editorial Team']
Crypto Briefing
The report comes as President Donald Trump's five-month military campaign in the Middle East continues to weigh on global economic activity.
The slowdown was driven by weaker government spending, softer export growth and slower business investment, while stronger household spending provided some support.
AdvertisementThe GDP report comes as the continuing Middle East war under President Donald Trump weighs on global growth and energy markets.
The report also indicated that the rapid pace of AI-related capital spending eased, with private domestic investment growth slowing from 1.4% to 0.5%.
Export growth softened as weaker travel spending offset higher oil exports, and government expenditure declined.