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.
53 Articles
53 Articles
Ringgit opens lower as strong US GDP lifts dollar
KUALA LUMPUR: The ringgit opened marginally lower against the US dollar on Friday as stronger-than-expected US economic data boosted the greenback. On another front, the reopening of the Strait of Hormuz saw risk appetite improving, which limited the ringgit’s decline. At 8am, the local currency fell to 4.1170/4.1270 against the greenback from 4.1160/4.1200 at yesterday’s close. The US reported a better-than-expected first-quarter gross domestic…
What Factors Drove U.S. Economic Growth In Early 2026
The U.S. economy expanded at an annualized rate of 2.1% during the first quarter of 2026, according to the Commerce Department's final estimate, reflecting stronger-than-expected growth despite slower consumer spending and ongoing global economic uncertainty. The revised figure was higher than the earlier 1.6% estimate and marked a significant improvement from the 0.5% growth recorded in the final quarter of 2025. 💡Economists attributed the str…
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