The collapse of the American economy took place mainly due to the growth of imports before the introduction of duties.
The United States’s Gross Domestic Product (GDP) in the first quarter of 2025 for the first time in the last three years was reduced by 0.3%. It was reported that there was a reference to the report of Bloomberg’s American Bureau of Economic Analysis.
The reduction in GDP occurred mainly due to the growth of imports before the introduction of duties.
The report records that net export has reduced nearly 5 percent points from GDP, which is a record indicator.
Consumer costs, which account for two -thirds of GDP, has grown 1.8% -the worst indicator since mid -2023, though better than predicted economists.
At the same time, business purchases for equipment purchase have increased at the fastest pace from 2020.
The last time the quarterly drop in GDP in the United States was recorded in 2022.
As you know, on April 2, United States President Donald Trump announced a state of emergency in the country’s economy after he introduced major roles against the roads -countries.
US Federal Reserve has reduced economic growth forecast
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.