Reported about 17 hours ago
The upcoming GDP report is expected to reveal a significant slowdown in the U.S. economy, with a projected growth rate of just 0.3% in the first quarter, down from 2.4% last quarter. This slowdown may reflect the impact of a surge in imports as consumers rushed to purchase goods before President Donald Trump's tariffs took effect, which could negatively affect GDP growth. Some economists predict the economy might even shrink for the first time since 2022.
Source: YAHOO