GDP, which measures the creation of national wealth, fell in the first three months of the year that cover the start of Donald Trump’s second termwhose tariff policy caused shock waves worldwide and within their own country.
The GDP of the world’s largest economy 0.3% fell to annualized rate in the first quarterafter increasing 2.4% in the last three months of 2024, according to an estimate of the US Trade Department.
The analysts They expected a 0.4% GDP growthaccording to Briefing.com.
“The fall of real GDP in the first quarter is a reflection of A rebound of imports, a deceleration of consumer spending and a decrease in public spending, ”said the Department of Commerce.
Imports increased at the beginning of the year because companies and consumers They hurried to buy some goods before prices rose through new tariffs.
The disadvantage is that early purchases mean less expenses laterwhich could lead to more negative data.
The US economy contracted in the first three months of 2025 to 0.3% at anualized rate, after having increased 2.4% in the last three months of 2024 #AFP pic.twitter.com/rf60mfrvpa
-Agency France-Presse (@afpespanol) April 30, 2025