local
US economy expanded at solid 2.1% pace in January-March, government says, upgrading last estimate
By Paul Wiseman, Associated Press at KSAT 12 (ABC affiliate) — San Antonio
· June 25, 2026
· 3 min read
The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.The growth in gross domestic product — the nation’s output of goods and services — marked a rebound from a slugg...
Key takeaway 1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.
Why this matters in Terrell Hills News
For Terrell Hills residents, the upgraded estimate of the US economy's growth rate may bring a sense of relief, but the decline in consumer spending is a concern. As a community within the San Antonio area, local businesses may feel the impact of reduced consumer spending, particularly if higher gasoline prices continue to affect household budgets. The growth in business investment, driven by the artificial intelligence boom, may not directly benefit local small businesses or residents, at least not immediately. Meanwhile, the drop in residential investment due to high interest rates could affect the local housing market, potentially slowing down new construction or renovation projects in Terrell Hills. As the US and Iran continue talks toward a resolution, residents will be watching to see how the conflict's outcome affects the local economy, especially in terms of gasoline prices and consumer spending.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 25, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
Reading time: 3 min
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Frequently asked about this story
What is this story about? The U.S. economy expanded at a solid and unexpected 2.1% annual pace from January through March, the Commerce Department reported Thursday in its final estimate of first-quarter growth.The growth in gross domestic product — the nation’s output of goods and services — marked a rebound from a slugg...
When was this published? This article was first published on June 25, 2026 by KSAT 12 (ABC affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Paul Wiseman, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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