GDP

The U.S. gross domestic product grew 2.2% this spring, an upward revision of 0.7%.

GDP grew in the first and second quarters this year, and economists expect it to continue in the third, but the tax refunds and stock market gains behind that growth are running out.

After just about zero growth for a year, Canada’s second quarter GDP rose 3.3%.

“It leaves some things out, but it is a very good gauge of the health of an economy,” said Allison Schrager, senior fellow at the Manhattan Institute and columnist at Bloomberg Opinion.

“It's not just slowing,” said Adam Posen at the Peterson Institute for International Economics. “It's slowing after being slow for quite some time.”

The overall GDP number was revised higher, up half a percent from the previous estimate. The topline number went up in part because we imported less than expected.

The updated number could also show that the AI spending boom is accelerating.

The GDP numbers for the first quarter of 2026 will tell us more about consumer spending and business investment.

Kai Ryssdal breaks down why final sales to private domestic purchasers — a mouthful, yes — is a better read on where the economy is headed.

GDP rose at an annual rate of 2% from January to March, according to data out today from the Bureau of Economic Analysis. A big reason why: investment in AI.