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Economic Buzz: US GDP growth revised down to 1.6% in Q1
29-May-2026 08:18
The United States gross domestic product (GDP) saw an annual rise of 1.6% in the first quarter of the year, the Bureau of Economic Analysis (BEA) revealed in its second estimate released on Thursday. The figure was revised down by 0.4 percentage points compared to the first preliminary report. In the fourth quarter of 2025, the US economy expanded by 0.5% on an annual basis.

The document attributed the rise in the overall figure to exports, investment, consumer spending, and government spending. On the other hand, imports grew, which led to a downward revision compared to the first report.

The price index for gross domestic purchases was revised down from 3.6% in the initial estimate to 3.5%. The personal consumption expenditures (PCE) price index remained unchanged at 4.5%. Excluding food and energy, the PCE price index was revised up from 4.3% to 4.4%.

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