U.S. Economy Contracts 0.5% in Q1, Worse Than Initial Estimates
TL;DR
The US GDP decreased by 0.5% in Q1 2025 mainly due to increased imports and decreased government spending, with some offset from investment and consumer spending. Industry-wise, private goods and services declined, while government output rose. Price indices increased, and corporate profits fell, reflecting a slowdown in economic activity.
- Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised) U.S. Bureau of Economic Analysis (BEA) (.gov)
- The US economy shrank much faster in the first quarter than previously reported CNN
- U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed The Hill
- U.S. Economy Shrunk More Than Previously Estimated Last Quarter WSJ
- GDP Declined 0.5% in Q1 FloorDaily.net
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Read on U.S. Bureau of Economic Analysis (BEA) (.gov)