US GDP Growth Revised Lower to 1.6 Percent in 1st Quarter

A person walks by a store advertising sales at the Ronald Reagan Washington National Airport in Washington on Oct. 20, 2024. Madalina Vasiliu/The Epoch TimesU.S. economic growth was revised lower in the first quarter due to downward adjustments from consumer spending and business investment.The GDP expanded 1.6 percent in the first three months of 2026, down from the initial estimate of 2 percent, according to new Bureau of Economic Analysis data released on May 28.