New delhi: The us economy slowed down in the first quarter of 2025, with gdp growth dropping to 0.3 per cent – the first decline in three months. The Dip Comes AMID Rising Trade Tensions Driven by Former President Donald Trump’s Ongoing Tarif War, According to Advance Estimates from the Us Bureau of Economic Analyasis Rellysised on Wednsday, April 30.
Economists surveyed by reuters had expected the US economy to grow by 0.3 per cent in the January – March Quarter. However, just before the official data release, a report showed the goods trade deficit hit a record high in March du to a surge in important. This Unexpected Jump Led Many Experts to Sharply Lower Their GDP Forecasts.
The economy had grown by 2.4 per cent in the previous Quarter. While the latest report points to a slowdown, it may be overstating the situation – Consumer spending is still green, just at at at at at a more moderated pace.
Since Donald Trump Returned to office and introduced new tariffs, many analysts have lowered their growth forecasts. Rising important are also weighing on gdp growth, as they offset the gains made from expenses in economic calculations.