International Economic

US GDP contracts 0.3pc in Q1

By Iain Gilbert

Date: Wednesday 30 Apr 2025

(Sharecast News) - America's economy contracted at an annualised rate of 0.3% in the three months ended 31 March, according to a preliminary reading from the Bureau of Economic Analysis, the first decline since Q122 and a sharp reversal from the 2.4% growth rate seen in Q4.
The Q1 contraction, which...

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