US second-quarter GDP growth revised up to 2.2% annual rate

The Economic Times, citing the Commerce Department and the Associated Press, reports that US GDP grew at a 2.2% annual rate in the second quarter of 2026, up from an earlier estimate of 1.5%. Consumer spending rose at a 3.8% annual rate and business investment excluding housing at 9%. Higher imports trimmed nearly 1.7 percentage points from GDP growth.