U.S. economy went into reverse in the first quarter, new GDP data shows

The economy shrank 0.3% in the first three months of the year, a steep downturn from the pace of growth in 2024. Read More

GDP Report Today: Why the U.S. Economy Isn't as Weak as It Looks

Follow here for live coverage and analysis of the latest economic data. Two major reports are due today: GDP and PCE inflation. Read More

Is America's economic slip temporary? Trump, Biden allies divided over GDP report

The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop. Read More

US economy contracts at 0.3% rate in Q1, first GDP pullback in 3 years

A surge in imports ahead of anticipated tariffs resulted in the first negative reading for US economic growth in three years. Read More

US economy stalls in first quarter with few implications for Fed

The GDP estimates from the Bureau of Economic Analysis (BEA) do show a large increase in inventories, but not enough to fully offset imports. Imports increased by $333.3bn relative to Q4, but the ... Read More

US economy shrinks 0.3% as companies race to get ahead of Trump tariffs

US President Donald Trump has shared his thoughts on the economy after GDP figures were announced this morning, which indicates the US economy shrank 0.3% in first three months of this year. On Truth ... Read More

US economy was already sputtering before trade pain kicked in

The US government’s initial estimate of first-quarter gross domestic product is projected to show the economy expanded at a 0.4% annualized rate, the weakest in nearly three years. Read More

What is GDP? U.S. economy contracts for the first time since pandemic

In 2024, the last year of President Joe Biden’s term, U.S. economy grew by 2.8 percent. Here's how it's doing now. Read More

US markets Today: Dow slumps over 400 points, Nasdaq slides after data shows economy contracted last quarter

US markets opened in red as the economy unexpectedly shrank by 0.3% in the first quarter, driven by increased imports and slower consumer spending. Th ... Read More

US economy unexpectedly contracts in first three months of Trump presidency

The US economy unexpectedly contracted in the first three months of this year, according to fresh data published Wednesday, due largely to a surge in imports ahead of the introduction ... Read More

US economy unexpectedly shrinks on import surge ahead of Trump tariffs

The US economy unexpectedly contracted in the first three months of the year, according to fresh data published Wednesday, due largely to a surge in imports as businesses and consumers ... Read More