U.S. economy shrinks for the first time since Q1 of 2022 \ stacker news

- By stacker news


KEY POINTS Gross domestic product fell at a 0.3% annualized pace, largely pushed by a surge in imports ahead of President Donald Trump's tariffs. Imports soared 41.3%, driven by a 50.9% increase in goods. Imports subtract from GDP, so the contraction in g ...


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