"The downturn in real GDP in the first quarter reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending."
"This is Biden's Stock Market, not Trump's. Our Country will boom, but we have to get rid of the Biden 'Overhang.'"
The US economy shrank by 0.3% in the first quarter, disappointing expectations of 0.4% growth, according to the US Commerce Department. This decline reflects increasing imports and reduced consumer and government spending. President Trump's tariffs and trade policies have contributed to instability, prompting fears of a prolonged economic slowdown. Trump's response blamed his predecessor Joe Biden for the downturn, claiming the country needs to eliminate "Biden's Overhang" for economic recovery. This economic data marks a significant moment in Trump's second term, highlighting challenges ahead.
Read at www.dw.com
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