International Economic

US economy contracts more than thought on pre-tariff import surge

By Josh White

Date: Thursday 26 Jun 2025

(Sharecast News) - The US economy contracted at an annual rate of 0.5% in the first quarter of 2025, marking its first quarterly decline in three years, according to a final estimate from the Commerce Department on Thursday.
It was a downward revision from the previous estimate of a 0.2% decline,...

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