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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 ...
According to the Commerce Department, the GDP figure was driven by a wider trade deficit, caused by a wave of imports that ...
This was sharply below the market consensus estimate of 0.4 percent growth, according to Briefing.com, and marked the first ...
The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s ...
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 ...
Daily Wrap on MSN1d
U.S. economy faces contraction as inflation intensifiesThe American economy contracted by 0.3% on an annualised basis in the first quarter of 2025, marking a stark contrast to the ...
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