US EditionUS economy shrank at 0.2% rate in first quarter
- The U.S. Gross domestic product declined by 0.2% on an annualized basis during the first quarter of 2025, representing the first contraction in three years.
- This contraction followed a 2.4% growth in the previous quarter and stemmed primarily from a surge in imports before new import taxes took effect.
- Imports expanded by 42.6%, marking their quickest rise since late 2020, which lowered GDP growth by more than five percentage points, while consumer spending declined and federal government expenditures dropped 4.6%.
- Business investment rose by 24.4%, while increased inventory levels contributed over 2.6 percentage points to GDP growth; meanwhile, a measure of the economy’s core strength advanced at a 2.5% annual rate.
- The surge in imports likely will not recur in the second quarter, and tariffs have introduced significant uncertainty into the economic outlook ahead of the final June GDP estimate.
101 Articles
101 Articles
Los Angeles Times
Independent EspañolHit by Trump's Trade Wars, US Economy Drops 0.2% in the First Quarter
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…
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