U.S. GDP – May 2, 2025: GDP Contracts 0.3% in Q1 Amid Rising Recession Concerns
Summary: First Quarter GDP Decline Sparks Recession Warnings The U.S. economy shrank by 0.3% in the first quarter of 2025, according to data released by the Bureau of Economic Analysis on May 2. The contraction surprised economists, who had forecast modest growth of 0.5%. This is the first negative print since the post-COVID tightening cycle … Read more