Global Market: US revises 2026 first-quarter GDP growth up to 2.1%

The US Commerce Department revised its Q1 2026 GDP growth estimate upward to 2.1 percent from the earlier estimate of 1.6 percent. The upward revision was driven mainly by a downward revision to imports, partially offset by a downward revision to consumer spending. Key contributors to growth included investment, exports, government spending, consumer spending, and information services linked to the Artificial Intelligence industry.