The US has enjoyed dramatically larger economic growth so far this year than most other large developed countries in the world, economic data shows.<\/p>\n
US gross domestic product (GDP) expanded by 2%<\/a> in the first quarter, compared to the previous water, Bureau of Economic Statistics Data released last week showed.<\/p>\n Compare that to the Group of Seven (G7) bloc of countries \u2014 which has a projected economic growth of 1.1% over the same period. <\/p>\n America\u2019s GDP grew by 2% in the first quarter of 2026, showing signs of healing from last fall\u2019s government shutdown. AP<\/p>\n And the US figure is blowing away the meager 0.1% growth reported in the EU<\/a>. <\/p>\n Germany \u2014 Europe\u2019s largest economy \u2014 clocked a 0.3% growth rate. France was dead flat \u2014 0% growth, while Italy reported 0.2%. <\/p>\n \tG7 economic growth for Q1 2026, compared to previous quarter<\/p>\n United States \u2014 2%<\/p>\n Canada \u2014 1.7%<\/p>\n Japan \u2014 1.48%<\/p>\n United Kingdom \u2014 0.5%<\/p>\n Germany \u2014 0.3%<\/p>\n Italy \u2014 0.2%<\/p>\n France \u2014 0%<\/p>\n The UK is expected to fare a little better with the start of the year yielding an increase of about 0.5%, according to the Office for National Statistics.<\/p>\n Japan and Canada, meanwhile, enjoyed a higher boost in GDP, albeit at a smaller growth than the US.<\/p>\n Japan is expected to show a 1.48% quarterly increase<\/a> for the start of 2026, according to the Japan Center for Economic Research.<\/p>\n Tokyo, however, is expected to see a rougher outcome for the rest of 2026, with the following year expected to see little to no economic growth at all, the center warned.<\/p>\n Souring energy prices have taken their toll on the world\u2019s top economies due to the war in Iran. Helayne Seidman for the NY Post<\/p>\n Canada will likely see a 1.7% quarterly growth<\/a> after the nation saw an increase in manufacturing, wholesale trade, transportation and mining and oil and gas extraction, Statistics Canada said.<\/p>\n Experts have warned that Canada\u2019s economy is still at elevated risk of recession this year amid global energy price shocks and tariff disputes with the US.<\/p>\n Following lackluster growth<\/a> at the end 2025, America\u2019s gross domestic product rebounded at a faster rate than all other G7 members, spurred by growing federal and private investments, according to the US Department of Commerce.<\/p>\n While US tech businesses enjoy a boom, average consumer spending was down in the latest quarter. AP<\/p>\n The federal government\u2019s spending and investment grew at a 9.3% annual rate in the first quarter, with business investments rocketing by 8.7%, spurred by spending in artificial intelligence<\/a>. <\/p>\n The EU has been especially hurt in the energy sector due to the war in Iran, with the block also dealing with inflation that has hit the central bank\u2019s 2% target, adding pressure on finance officials to consider interest rate hikes. <\/p>\n