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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 ...
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 ...
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 dollar has continued to rebound ahead of tomorrow’s nonfarm payrolls report for April. It has resulted in the dollar ...
US economy contracted for the first time in three years in the first quarter of 2025, falling an annualised 0.3%. as ...
US President Trump downplayed the US economic contraction, blaming his predecessor and citing import surges before his ...
The US economy contracts during President Trump's first three months in office. GDP fell by 0.3%... Mr Trump blames former President Biden. Meanwhile China blames US tariffs for falls in its ...
The U.S. economy shrank 0.3% from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before ...
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