U.S. economy slowed in second quarter as Iran war weighs on growth

U.S. economy slowed in second quarter as Iran war weighs on growth



The nation’s gross domestic product grew at an annual rate 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth.

Economists polled by Reuters predicted GDP would rise at an annualized rate of 2.1% for April to June. GDP measures the total value of goods and services produced in the U.S. 

— This is a developing story and will be updated

Leave a Reply

Your email address will not be published. Required fields are marked *