The United States (US) economy contracted at an annualised rate of 0.3% in the first quarter of 2025, according to data ...

GDP contracted at an annual rate of 0.3 percent, a new report shows, as imports surged with panic purchases ahead of tariffs.

Tariffs have contributed to declines in consumer sentiment indexes and fears that the United States' economy could shrink.

The United States economy shrank in the first three months of 2025, contracting by an annualised rate of 0.3% – a stark reversal after nearly three years of solid growth, as tariff-related ...