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US GDP shrinks, as imports surge, but it is not as bad as it seems
US GDP data was weaker than expected for last quarter. The US economy experienced a sharp slowdown, as expected, and growth contracted by 0.3%, vs. a 0.2% decline anticipated by analysts. However, the headline figure only tells us so much, digging a bit deeper into this report gives us a more rounded picture of the US economy.
US GDP shrinks by -0.3% in Q1 2025, driven by import surges and trade policies. Click for a close look at the data, including ...
Japan's economy probably contracted for the first time in a year in the first quarter, weighed down by softer domestic demand ...
White House trade advisor Peter Navarro told CNBC's Jim Cramer in an interview Wednesday morning that an "import surge" ahead ...
Q/Q vs. +0.2% consensus and +2.4% in Q4 2024, according to data released by the Bureau of Economic Analysis on Wednesday.
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly ...
A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years.
Despite a first-quarter contraction driven by tariff-related import surges, the US economy shows resilience. Consumer ...
The U.S. Senate was poised on Wednesday to vote on a resolution to block a host of President Donald Trump's tariffs, hours ...
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