The United States economy slowed more than expected as an inflation surge took hold over the early months of the Iran war, a government report on Thursday showed.
The economy grew at an annualized rate of 1.5% over three months ending in June, marking a slight slowdown from 2.1% growth recorded in the previous quarter. The figure came in lower than economists’ expected.
Still, the latest data outperformed 0.5% annualized gross domestic product (GDP) recorded over final three months of 2025.
The period covered by the data release followed a historic global oil shock set off by the Middle East conflict.
The national average
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