US Edition
US economy shrank at 0.2% rate in first quarter
- From January to March 2025, the U.S. experienced a 0.2% annual decline in economic output, marking its first contraction in three years.
- The decline was primarily driven by a rapid increase in imports because businesses accelerated their purchases of foreign goods ahead of the tariffs implemented by President Trump.
- Imports expanded at a 42.6% rate, marking the fastest increase since mid-2020 and reducing GDP growth by over five percentage points, while both consumer spending and federal government expenditures experienced significant declines.
- Business investment increased by 24.4%, while inventory accumulation contributed over 2.6 points to the growth in GDP, with the economy’s core strength expanding at an annual rate of 2.5%.
- A federal court blocked key tariffs citing presidential overreach, and officials expect the first-quarter import surge will likely not repeat or weigh on future GDP growth.
103 Articles
103 Articles
Los Angeles Times
The U.S. economy contracted at an annual rate of 0.2% from January to March, the first fall in three years, while President Donald Trump's trade wars interrupted business, the government reported Thursday in a slight upward revision of its initial estimate.
US tariff policies heighten inflation concerns amid slowing economic growth
Recent US trade policies, particularly the imposition of tariffs, have intensified inflation concerns among American consumers and investors, even as economic indicators suggest a slowdown in growth.The US department of Commerce reported on Thursday
US 1st Quarter GDP Revised Slightly Higher on Stronger Investment
The U.S. economy contracted slightly less than initially reported in the first quarter, reflecting an adjustment to investment and consumer spending. According to the second estimate from the Bureau of Economic Analysis on May 29, the first-quarter gross domestic product (GDP) growth rate was negative 0.2 percent, up from the initial reading of negative 0.3 percent. The GDP adjustment resulted from an upward revision to gross domestic private in…
US economy contracted less than estimated in Q1 - government
WASHINGTON, United States — The US economy contracted less than estimated in the first three months of this year, government data released Thursday showed, revising data that came after an import surge triggered by President Donald Trump’s tariffs. Gross domestic product in the world’s biggest economy decreased at an annual rate of 0.2 percent in the January to March period, said the US Department of Commerce. This was slightly less than the ini…
The US economy contracted at an annual rate of 0.2% between January and March, its first decline in three years, according to official accounts, compared to 2.4% growth in the last quarter of 2024
Coverage Details
Bias Distribution
- 59% of the sources are Center
To view factuality data please Upgrade to Premium
