Economy · Important news for 28 August 2026
U.S. economy grows at a sluggish 1.5% pace in the second quarter
U.S. gross domestic product expanded at a slower 1.5% annualized pace in the second quarter, dampened by chip and AI investment shipments.
- U.S. Q2 GDP grew at a 1.5% pace.
- Computer chip and AI investment shipments reduced GDP growth by 1.64 percentage points.
US-Canada Trade Talks Collapse Amid Escalating Tariff Threats
Bank of Korea Delivers Second Consecutive Rate Hike Amid AI-Driven Growth
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