Image: NBC NewsU.S. economic growth slowed unexpectedly in the second quarter, as tariffs and Iran war cut into gains
• U.S. economic growth slowed unexpectedly during the second quarter, primarily driven by a widening trade deficit and the impacts of tariffs and conflict in Iran. • Despite the overall slowdown, consumer spending grew at a rate of 3.2%, supported by higher gas prices and larger tax refunds. • The divergence between slowing GDP and strong consumer activity suggests underlying economic resilience despite external geopolitical and trade pressures.
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