US economic growth slows to an annual rate of 1.5% in the second quarter, according to updated national accounts reported by multiple outlets. The figures cover the three months to June and represent a decline from the previous quarter’s growth rate. In the first quarter, growth is reported at 2.1% on an annualized basis. The second-quarter slowdown indicates the pace of expansion in the US economy moderates compared with the earlier period. The reported 1.5% rate reflects the overall change in economic output during the quarter, expressed as an annual rate, which is a standard way of presenting quarterly gross domestic product data in the US. While one outlet provides the specific growth-rate comparison, both sources refer to the same headline figure and quarterly change, suggesting broad agreement on the direction and magnitude of the slowdown. The data imply slower economic momentum going into the second half of the year, relative to the more robust growth seen in the first quarter.