US Economy Contracts 0.5% in Q1, Revised Downward
TL;DR Summary
The US economy contracted by 0.5% in Q1 2025, primarily due to a surge in imports and slowing consumer spending, amid ongoing trade tensions and tariffs, marking the first contraction in three years and prompting concerns about economic stability.
- U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed PBS
- A battery of new data shows how the US economy is holding up amid Trump’s tariffs CNN
- US GDP Revised Lower as Consumers Slash Services Spending Bloomberg
- US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed AP News
- Economy Shrank in First Quarter Worse Than Expected U.S. News & World Report
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