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... The economy grew at an annualized rate of 1.5% over three months ending in June, marking a slight slowdown from 2.1% growth recorded in the previous quarter. The figure came in lower than economists' expected.

Still, the latest data outperformed 0.5% annualized gross domestic product (GDP) recorded over final three months of 2025.

The period covered by the data release followed a historic global oil shock set off by the Middle East conflict. ...