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US Economy Contracts for First Time Since 2022 on Imports Surge
The US 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.
The US economy contracted for the first time in three years to start 2025 as a surge in imports dragged down GDP and prices ...
The first quarter decrease follows the U.S. economy growing by 2.4% in the fourth quarter of 2024, after increasing 3.1% in ...
President Trump urges Americans to "BE PATIENT" after GDP dropped in Q1 The post US Economy Contracts 0.3% for First Time in ...
April was one of the wildest months in recent memory for markets, capped off by a key data release that showed the economy shrank last quarter for the first time in years.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% ...
The U.S. economy went into reverse having its worst quarter since Covid. The U.S. Gross Domestic Product stood at an annualized rate of -0.3% in the first quarter, the Commerce Department said ...
The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government ...
The US economy unexpectedly shrank in the first quarter of 2025, as a rush of imports, driven by the anticipation of sweeping ...
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