Washington, Aug. 26 -- US economic growth slowed to an annual rate of 1.5 per cent in the second quarter of 2026 from 2.1 per cent in the previous quarter, even as key inflation readings moved higher, according to the second estimate released by the US Bureau of Economic Analysis (BEA).

"Real gross domestic product (GDP) increased at an annual rate of 1.5 per cent in the second quarter of 2026 (April, May, and June). In the first quarter, real GDP increased 2.1 per cent."

"Compared to the first quarter, the deceleration in real GDP in the second quarter reflected a downturn in government spending and decelerations in investment and exports," the BEA added.

The April-June GDP growth estimate was unchanged from the advance estimate relea...