US EditionUS Economy Contracts for First Time Since 2022 on Imports Surge
- The US economy contracted at a 0.8% annual rate in Q1 2025, marking the first contraction since 2022 amid rising import costs and tariffs.
- This slowdown followed escalating tariffs imposed by President Trump on Canada, Mexico, and China, which raised import costs and dampened consumer and business confidence.
- Consumer confidence has declined monthly since December 2024, with April figures near historic lows and consumers expecting inflation around 6.5%, much higher than earlier forecasts.
- Federal Reserve Chair Jerome Powell stated that Trump's tariffs have started to push inflation higher and could stall progress, while inflation eased to 2.4% in March from a 9.1% peak in 2022.
- The economic outlook remains uncertain as tariffs continue to pressure prices and confidence, potentially increasing costs for consumers and risking further damage if rates stay above 20%.
391 Articles
391 Articles
U.S. Economy Contracts in First Quarter of 2025
by Ireland Owens U.S. real gross domestic product (GDP) decreased at a rate of 0.3% in the first quarter of 2025, according to statistics released by the Bureau of Economic Analysis (BEA) on Wednesday. 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 gro…
The Most Important News
theeconomiccollapseblog.com9 Signs That Conditions Are Ripe For A Major Economic Crisis In The United States
For years, our economy and our financial markets have been artificially propped up. Since 2008, politicians in Washington have added about 26 trillion dollars to the national debt, and bureaucrats at the Fed have pumped
US economy contracts for first time since 2022 on imports surge
The U.S. 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.
Why Amazon, Meta Platforms, and Alphabet Slumped on Wednesday - Overpasses For America
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Magnificent Seven” stocks –which have helped fuel the bull market over the past few years — fell in unison. Amazon (NASDAQ: AMZN) tumbled 3.6%, Meta Platforms (NASDAQ: META) slumped 2.9%, and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOGL) fell 2.4% as of 1:16 p.m. ET on Wednesday. decreased at an annual rate of 0.3%. …
This is how Trump 'sabotaged' the American economy in 100 days: GDP at -0.3%, imports inflated by tariffs burned 5% of GDP
The fear of tariffs has triggered the rush of US companies to import products and the logistics warehouses are full. In the balance of trade in goods, the United States has plunged to deficit levels. On the other hand, investments are increasing. But with the new gabelles, will the recession come?
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
