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A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
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 Bureau of Economic Analysis.
The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses.
Gross domestic product is a key measure of economic health. GDP is the monetary value of all finished goods and services made ...
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's first quarter.
Each state's GDP compares to that of another country in the world.
The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop.
The economy's near-term outlook deteriorated sharply in April, according to the Conference Board's latest Leading Economic ...
In the coming week starting from May 26, the market is expected to be rangebound with a positive bias with focus on ...
US GDP contracted at an annual rate of 0.3% in the January-March period. The US Dollar Index trades with decent gains in the 99.30-99.40 band. The United States (US) economy contracted at an ...
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