Iran energy shock
Coverage of Iran energy shock in the Nexus archive.
- 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 business investment in artificial intelligence. This rebounded from 0.5% growth in Q4 2025, which was impacted by a 43-day government shutdown. Consumer spending declined sharply, but the job market remained resilient with 188,000 monthly job gains from March to May 2026.
- 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 rate in January-March 2026, up from a prior estimate of 1.6%, driven by business investment in artificial intelligence and a resilient job market. The growth rebounded from a 0.5% contraction in Q4 2025 caused by a 43-day federal government shutdown, though consumer spending fell sharply.