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US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.
US Economy Contracts In First Quarter Of 2025
The first quarter decrease follows the U.S. economy growing by 2.4% in the fourth quarter of 2024, after increasing 3.1% in the third quarter, according to the BEA. The Federal Reserve Bank of Atlanta’s GDPNow, a running estimate of real GDP growth based on available economic data, projected a -2.7% GDP growth rate in the first quarter of 2025.
The US economy contracted for the first time in three years to start 2025 as a surge in imports dragged down GDP and prices ...
The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% ...
The U.S. economy contracted at a rate of 0.3% in the first quarter of 2025, according to an estimate released on Wednesday by ...
A narrowly divided U.S. Senate rejected the latest bipartisan bid to block President Donald Trump's tariffs on Wednesday, ...
The US economy unexpectedly shrank in the first quarter of 2025, as a rush of imports, driven by the anticipation of sweeping ...
First-quarter gross domestic product data, March's reading of the PCE price index - the Federal Reserve's preferred inflation ...
The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government ...
This was sharply below the market consensus estimate of 0.4 percent growth, according to Briefing.com, and marked the first ...
US economy contracted for the first time in three years in the first quarter of 2025, falling an annualised 0.3%. as ...
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