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U.S. second-quarter GDP expands at 1.5%, missing the 2.0% consensus by 50 basis points

7/30/2026

second-quarter GDP growth rate, falling 50 basis points short of the 2.0% consensus and 60 basis points below Q1's reported 2.1%. Both gaps point the same direction.

The economy underperformed on the quarter and decelerated from the prior period.

The numbers reconciled | Measure | Value | Type | |---|---|---| | Q2 GDP growth rate | 1.5% | Reported | | Consensus expectation | 2.0% | Projected | | Q1 GDP growth rate | 2.1% | Reported | | Miss vs.

consensus | (50 bps) | Derived | | Q1-to-Q2 change | (60 bps) | Derived | The consensus miss (50 bps) and the sequential decline (60 bps) are related but distinct.