US Economy Contracts More Than Expected in Q1
TL;DR Summary
The US economy contracted by 0.5% in Q1 2025, worse than the initial estimate, mainly due to a surge in imports driven by tariffs and stockpiling, but a rebound to 3% growth is expected in Q2 as import levels normalize. Ongoing trade negotiations and tariff deadlines add uncertainty to the economic outlook.
- US economy fares worse than estimated in first quarter DW
- A battery of new data shows how the US economy is holding up amid Trump’s tariffs CNN
- Economy Shrank in First Quarter Worse Than Expected U.S. News & World Report
- 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
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