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US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
The U.S. economy grew at a 2.1% annual pace in Q1 2026, up from a prior estimate of 1.6%, driven by surging business investment in AI and increased government spending post-shutdown. However, consumer spending declined due to higher gasoline prices linked to the Iran war, and residential investment fell 7.8%, marking a fifth consecutive quarterly drop.
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