Reported about 9 hours ago
New data reveals that the U.S. economy shrank at an annualized rate of -0.5% in the first quarter of 2025, worse than earlier estimates, with consumer spending growth falling to a four-year low. Despite challenges in the job market and a skyrocketing trade deficit due to tariffs, businesses continue to invest. The updated figures indicate ongoing uncertainty about economic recovery, though some analysts remain optimistic about potential growth in the upcoming quarter.
Source: YAHOO