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U.S. economy grew 2% from January-March, recovering from federal shutdown; Iran war clouds outlook

The U.S. economy accelerated at the start of 2026, expanding at a modest 2% pace from January through March after recovering from last fall's 43-day federal government shutdown. But the outlook is clouded by the Iran war.

GDP growth rebounded to 2% rate in first quarter

Gross domestic product grew at a 2% annual rate in the first quarter, adjusted for inflation, the Bureau of Economic Analysis reported in a preliminary reading Thursday morning.

GDP rose at 2% annual rate in first quarter as U.S. economy rebounds

April 30, 2026 / 9:40 AM EDT / CBS News