US Economy Slightly Better in Q1 but Still Shrinking
TL;DR Summary
The US economy's first-quarter GDP contraction was revised to a smaller decline of 0.2%, mainly due to increased imports, slower consumer spending, and reduced government spending, with some offset from investment and exports. The revision reflects a less robust domestic demand than initially reported, amid ongoing trade policy uncertainties and fluctuating economic indicators.
- U.S. GDP Got an Update Thursday. This Is What to Know. Barron's
- Hit by Trump trade wars, U.S. economy falls 0.2% in first quarter, an upgrade from initial estimate AP News
- US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact Bloomberg
- Underlying Demand Was Weaker Than First Thought at Start of Year WSJ
- America’s economy performed slightly better in the first quarter than we thought — but it still shrank CNN
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