US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
The final reading topped economists’ 1.6% estimate, but consumer spending was revised lower in the Commerce Department report.
- The Commerce Department reported The American economy grew at an annualized rate of 2.1% in the first quarter, marking a solid pace of expansion during the opening three months of the year.
- This final reading represents an upgrade from the 1.6% estimate previously projected by LSEG economists and a significant rebound from the sluggish 0.5% growth recorded in the FOURTH QUARTER of the previous year.
- Economic activity accelerated after a 43-day federal government shutdown stifled growth, while The American job market added an average 188,000 jobs monthly despite uncertainty over President Donald Trump's trade policies.
- Despite the Iran energy shock, the economy continues to expand, though consumer spending fell sharply from the FOURTH QUARTER of the previous year and prior estimates.
- The Commerce Department will provide the first glimpse at second-quarter growth in its next major economic update scheduled for release July 30.
24 Articles
24 Articles
First-quarter GDP gets big boost, but it’s not really great news
The official scorecard of the U.S. economy was updated to show the economy grew at a 2.1% annual pace in the first three months of the year, faster than the previously reported 1.6%. Good news, right? Not really.
US first-quarter GDP revised sharply higher to 2.1% vs EU -0.2%.
U.S. Q1 GDP Growth Recovers to 2.1% Compared to Previous Quarter The U.S. economy grew at an annualized rate of 2.1% for the first quarter of this year (January to March). This figure exceeds both the initially announced preliminary estimate of 1.6% and the market forecast of 1.6%. The U.S. Department of Commerce's Bureau of Economic Analysis (BEA) announced on the 25th (local time)...
The U.S. Gross Domestic Product (GDP) grew 2.1% in the first quarter of 2026, on an annual basis, according to the third and last reading released this Thursday by the U.S. Department of Commerce. The result came above 1.6% recorded in the second reading and the 1.7% discharge estimated by some analysts. The factors that contributed to the increase in GDP in the first three months of 2026 were investment, exports, government spending and consume…
(New York = Yonhap News) Correspondent Lee Ji-heon = The U.S. Department of Commerce announced that the final figure for the U.S. Gross Domestic Product (GDP) growth rate for the first quarter of this year was tallied at 2.1% (annualized rate compared to the previous quarter)...
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