The U.S. economy contracted by 0.3% in the first quarter of 2025, a decline that surprised economists who expected a 0.4% growth. The decrease in gross domestic product (GDP) follows a previous 2.4% increase and is attributed to higher imports and reduced government spending. Amid uncertainty, companies like Proctor & Gamble and Delta Air Lines have adjusted their economic forecasts. Following this announcement, major stock indexes fell significantly as investors reacted to the economic downturn, demonstrating the volatility in the current economic landscape.
This is Biden's Stock Market, not Trump's. This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers.
The decline comes as a surprise, with economists surveyed by the Wall Street Journal having anticipated a 0.4% growth.
The economic shrink was fueled in part by an increase in imports and a decrease in government spending.
A volatile and uncertain economic landscape leading up to the report has already led various companies to adjust or withdraw their economic forecasts for 2025.
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