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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 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 ...
President Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking ...
This was sharply below the market consensus estimate of 0.4 percent growth, according to Briefing.com, and marked the first ...
Gross domestic products contracted at a 0.3% annual rate in the first quarter. Record trade deficit behind the first decline since early 2022. Consumer spending, the main conduit of economic growth, ...
Economic growth in the first quarter was impacted in part by a rise in imports as U.S. companies attempted to bring in ...
President Donald Trump's trade policies could be setting up the U.S. economy for its first recession since the Covid crisis ...
US economy contracted in Q1 2025, with the economy declining at a 0.3 per cent rate on an annualised basis from Q4 2024 . This was driven by a huge increase in imp ...
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