U.S. Economy Grew 2 Percent as Business Investment Surged Following Tax Cuts

The U.S. economy accelerated at the start of the year, lifted by a sharp increase in business investment in equipment and intellectual property.

Gross domestic product, adjusted for inflation, expanded at a 2.0 percent annual rate in the first quarter, the Commerce Department said Thursday. That was a rebound from the 0.5 percent pace recorded in the final three months of 2025, when the record-long government shutdown weighed on federal spending and disrupted parts of the economy.

A closely watched measure of underlying private demand, real final sales to private domestic purchasers, rose at a 2.5 percent annual rate, up from 1.8 percent in…

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