Washington D.C. - The U.S. economy experienced a contraction in the first quarter of 2025, according to figures released by the Commerce Department. This marks the first decline in economic activity in three years, raising concerns about a possible recession.
Former President Donald Trump wasted no time in criticizing his successor, President Joe Biden, attributing the economic downturn to Biden's policies. Trump stated that Biden's administration had failed to maintain the economic growth achieved during his presidency.
However, economists are offering a more nuanced perspective. Some analysts point to lingering effects from the COVID-19 pandemic and supply chain disruptions as contributing factors. Others highlight the impact of rising interest rates implemented to combat inflation.
The Biden administration has yet to release an official statement but is expected to address the economic situation and outline strategies to stimulate growth in the coming weeks. The long-term implications of this economic contraction remain uncertain, and experts are closely monitoring key indicators to assess the overall health of the U.S. economy. The White House is under pressure to provide solutions and reassure the public during this period of economic uncertainty.
US Economy Shrinks: Trump Blames Biden for Slowdown
The U.S. economy contracted in the first quarter of 2025, signaling a potential slowdown. New data reveals the economy shrank for the first time in three years. Former President Trump quickly blamed current President Biden for the economic downturn. Experts are analyzing the data to determine the long-term impact.
Source: Read the original article at CBS