US Economy Contracts 0.2% in Q1 Amid Trade Tensions
TL;DR Summary
The US economy contracted by 0.2% in Q1 2025, the first decline since 2022, due to increased imports and decreased government spending amid ongoing trade tensions. Despite this, cryptocurrency markets remained largely unaffected, with Bitcoin trading flat and other tokens showing minimal movement, reflecting a muted market response to the economic slowdown.
- Bitcoin Steady as US Confirms Economy Shrank in Q1 Decrypt
- Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate AP News
- Underlying Demand Was Weaker Than First Thought at Start of Year WSJ
- US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact Bloomberg.com
- U.S. GDP Got an Update Thursday. This Is What to Know. Barron's
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