US Economy Contracts More Than Initially Estimated in Q1
TL;DR Summary
The US economy contracted by 0.5% in the first quarter of 2025 due to disruptions from trade wars and a surge in imports, marking its first contraction in three years, but economists expect a rebound in the second quarter.
- US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed ABC News - Breaking News, Latest News and Videos
- A battery of new data shows how the US economy is holding up amid Trump’s tariffs CNN
- U.S. economy shrank more than expected in the first quarter Fast Company
- US GDP Revised Lower as Consumers Slash Services Spending Bloomberg
- US first-quarter GDP revised lower on tepid consumer spending Reuters
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