US Q1 GDP growth revised downward to 1.6%

Official data released today shows that the US economy grew at an annualized rate of 1.6% in the first three months of this year, revised down from the initial estimate of 2.0% released last month. The Commerce Department stated that the downward revision of 0.4 percentage points mainly reflects lower investment and consumer spending. Despite this, the growth rate for Q1 2026 remains higher than the 0.5% recorded in Q4 2025. The pace of growth between late 2025 and early 2026 accelerated mainly due to a rebound in government spending and exports, as well as accelerated investment, while consumer spending slowed.