The US economy has suffered a major setback from January to March in 2025! GDP fell by -0.3% and became negative | USA NEWS

 

The US economy has suffered a major setback in the first quarter of 2025, i.e. January to March! GDP fell by -0.3% and became negative for the first time in 3 years. Experts are giving three reasons for this:

1️⃣ Surge in imports: Companies stocked record foreign goods ahead of Trump's new tariffs (April 2025), which affected GDP by -5%.

2️⃣ Cut in government spending: The 'Department of Government Efficiency' canceled contracts worth $32 billion.

3️⃣ California wildfire: The fire in January caused $34 billion in losses.

No need to worry? Because consumer spending increased by 1.8%, private investment jumped 7.8% (the fastest in 2 years!), and according to the Atlanta Fed, GDP is expected to grow by 2.2% in Q2 (April-June). Experts (like Deloitte) believe 2.6% growth is possible in 2025, although tariffs and high Fed rates will remain a challenge. The second GDP update will come on May 29th!"

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