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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 US economy contracted for the first time in three years to start 2025 as a surge in imports dragged down GDP and prices ...
The US famously bounced back from a pandemic recession that struck like a hammer blow in 2020. Fueled by a massive government ...
President Trump urges Americans to "BE PATIENT" after GDP dropped in Q1 The post US Economy Contracts 0.3% for First Time in ...
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 contracted early this year as businesses imported a massive trove of goods before President Donald Trump’s ...
Daily Wrap on MSN2d
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 ...
Analysts noted that the weak economic report does not reflect overall consumer and business performance. Still, shock over ...
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