U.S. GDP Grows 2% on AI, Tax Cuts as Consumer Strain Raises Warning Signs
Updated
Updated · TU News · Jun 28
U.S. GDP Grows 2% on AI, Tax Cuts as Consumer Strain Raises Warning Signs
2 articles · Updated · TU News · Jun 28
Summary
Real U.S. GDP is still expanding at a 2% pace, with Mark Zandi saying the latest data points to continued growth rather than an immediate crisis.
AI-driven spending and corporate tax cuts are supporting business investment, which Zandi identified as the main engine behind that growth.
Consumers are beginning to struggle, however, giving the economy a weaker undercurrent even as headline output remains steady.
Zandi’s latest comments frame the economy as resilient for now but increasingly dependent on investment strength rather than broad-based household demand.