Washington D.C. - New data reveals that the U.S. economy experienced a contraction during the first three months of 2025, marking the first such decline since the onset of the COVID-19 pandemic. The report, released this morning, shows a decrease in the Gross Domestic Product (GDP), the broadest measure of economic activity.
Several economists point to trade policies enacted over the past year as a contributing factor to the economic slowdown. Specifically, tariffs imposed on imported goods are cited as having negatively impacted businesses and consumer spending. However, the White House has refuted these claims, stating that other factors are at play and that the long-term economic outlook remains positive.
The news has sparked debate among policymakers and economists alike. Concerns are growing about the potential for further economic challenges in the coming months. Experts are closely monitoring key economic indicators to assess the severity and duration of the downturn. Further analysis is expected in the coming weeks as more data becomes available.
US Economy Shrinks for First Time Since Pandemic
A new report indicates the U.S. economy contracted in the first quarter of 2025. This is the first economic downturn since the COVID-19 pandemic. While some economists attribute the shrinking GDP to trade policies, the White House disputes this assessment. The report raises concerns about potential future economic challenges.
Source: Read the original article at CBS