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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 ...
The US economy unexpectedly shrank in the first quarter of 2025, as a rush of imports, driven by the anticipation of sweeping ...
The Trump administration expects to conclude initial tariff deals with some U.S. trading partners within weeks, but ...
The U.S. economy contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s ...
The U.S. economy shrank 0.3% from January through March, the first drop in three years. Gross domestic product — the nation’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 ...
U.S. stock futures point to a lower open after rising Tuesday on hopes trade deals are getting done and Trump's tariff plan ...
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