US Q2 GDP grew 1.5%, missing forecasts, as tariffs and war bite
The BEA advance estimate put Q2 growth at +1.5% annualized versus +2.1% consensus, down from Q1, with tariffs and Iran-war effects the attributed drag. The figure rests on US government data, treated as partially entangled from 2025 onward: direction only, noted in the fiscal hold.