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US GDP Grows 2%, Gas Prices Soar, Mark Cuban's Warning: This Week In Economy - State Street SPDR S&P 500

Summary by Benzinga
From GDP growth, inflation to soaring gas prices, the week brought key signals shaping the U.S. economic outlook.

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NEW YORK.- In 1Q26, the real Gross Domestic Product (GDP) of the United States grew 2.0% at an annualized quarterly rate, accelerating against the 0.5% recorded in 4Q25. The advance was driven by investment, exports, private consumption and public spending, highlighting a greater dynamism in government spending and exports, as well as an acceleration of investment. However, private consumption moderated its pace and imports rebounded, partially …

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theovershoot.co broke the news on Saturday, May 2, 2026.
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