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US Economy Contracts for the First Time Since 2022
The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government rescue effort that pumped tremendous amounts of money into the economy, the nation was soon outpacing rivals in a return to growth.
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 U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid ...
President Trump urges Americans to "BE PATIENT" after GDP dropped in Q1 The post US Economy Contracts 0.3% for First Time in ...
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 Trump administration expects to conclude initial tariff deals with some U.S. trading partners within weeks, but ...
According to the Commerce Department, the GDP figure was driven by a wider trade deficit, caused by a wave of imports that ...
Analysts noted that the weak economic report does not reflect overall consumer and business performance. Still, shock over ...
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