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edbermac

(16,282 posts) Thu Jun 26, 2025, 09:15 AM Jun 26

US economy shrank much faster in 1st quarter than previously reported [View all]

Washington
CNN
—
The US economy contracted in the beginning of the year at a much faster pace than previously reported, as tariff fears took a much greater toll on economic growth.

Gross domestic product, the broadest measure of economic output, registered an annualized rate of -0.5% from January through March, the Commerce Department said Thursday in its third and final estimate. That’s worse than the 0.2% decline reported in the second estimate. GDP is adjusted for seasonal swings and inflation.

https://www.cnn.com/2025/06/26/economy/us-gdp-q1-final

24 replies

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US economy shrank much faster in 1st quarter than previously reported [View all] edbermac Jun 26 OP

I Can Tell! OC375 Jun 26 #1

People are terrified of what's happening Johnny2X2X Jun 26 #2

Atlanta Fed had an estimate at like negative 2.5. They'll be cooking the Q2 books 617Blue Jun 26 #3

It isn't uncommon for GDPNOW to be way off FBaggins Jun 26 #14

The neg 2.5 was for Q1. My assumption 617Blue Jun 26 #15

Interesting. Here's a snapshot from March 26 of GDPNow and the Blue-chip consensus of *Q1* GDP progree Jun 26 #18

It was pretty eye popping. nt 617Blue Jun 26 #20

And is this the truth? Farmer-Rick Jun 26 #4

I've stopped buying anything but food and gas Ritabert Jun 26 #5

That's about all I spend on also. llmart Jun 26 #21

Exactly. I have more clothes than I need ... Ritabert Jun 26 #23

It's Biden's fault. Gimpyknee Jun 26 #6

If every quarter during Trump's entire term markodochartaigh Jun 26 #13

You know who's economy did not shrink in the first quarter? Bev54 Jun 26 #7

Also the Canadian 2nd quarter will moniss Jun 26 #8

And likely to get much. much worse. Scared consumers, gov't spending / research cuts, healthcare cuts, lots of Exp Jun 26 #9

The odds of Q2 being up are pretty slim jgmiller Jun 26 #10

Correcting some misinformation in some replies. Two negative quarters is NOT the official definition of a recession progree Jun 26 #11

Meh North Coast Lawyer Jun 26 #12

And because of this an administration can convince itself that it is doing a good job... Ol Janx Spirit Jun 26 #16

Huh? ProfessorGAC Jun 26 #17

GDP includes investment which means salaries and capital expenditures. Bernardo de La Paz Jun 26 #22

Makes Perfect Sense North Coast Lawyer Jun 27 #24

Gee. I wonder why. Karasu Jun 26 #19