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

U.S. Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs

The U.S. economy contracted in the first three months of 2025, as businesses rushed to stock up on imports ahead of tariffs.The Commerce Department said U.S. gross domestic product—the value of all ... Read More

US economy slows sharply, shrinking 0.3% in the first quarter, as tariffs weigh

Economists surveyed by LSEG had expected the economy to grow at a 0.3% rate in the quarter. The first quarter's 0.3% contraction was slower than the 2.4% GDP growth recorded in the fourth quarter. Read More

Economy shrinking, stock market sliding: Live updates on reaction to GDP report

A dismal economic report theoretically could spur the Fed to lower interest rates again sooner. But since much of the weak showing was triggered by an import surge – rather than weak consumer or ... Read More

US economy shrinks in first quarter as tariffs unleash flood of imports

WASHINGTON (Reuters) - The U.S. economy contracted in the first quarter, weighed down by a deluge of goods imported by businesses eager to avoid higher costs, underscoring the disruptive nature of ... Read More