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Wicked Blue

(8,199 posts)

4. GDP fell into negative numbers, -0.5%

Fri Jun 27, 2025, 11:13 AM

Jun 27

NJ Advance Media reports today:

"Social media users are grilling President Donald Trump after the U.S. economy shrank to negative for this year’s first quarter, the Commerce Department said on Thursday in a final estimate.

The Commerce Department said the U.S. gross domestic product, an overarching measure of economic output, stood at a -0.5% annualized rate from January to March amid Trump’s ongoing tariff and trade wars. The new report, which has surprised economists, came after the department initially estimated that the economy fell 0.2%."

My bolding

This negative number should be a major headline today.

https://www.nj.com/politics/2025/06/special-kind-of-stupid-trump-slammed-for-terrible-news-about-the-economy.html

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🚨🚨Trump's economy gets disastrous update - Core inflation SPIKES to 2.7% in May, worse than expected - Income FALLS [View all] riversedge Jun 27 OP

But............... Lovie777 Jun 27 #1

When do we start "winning?" (n/t) PJMcK Jun 27 #2

Oh.noes. And while the rich get richer. marble falls Jun 27 #3

GDP fell into negative numbers, -0.5% Wicked Blue Jun 27 #4

The negative GDP for Q1 was reported back in April when the first release was done Wiz Imp Jun 27 #5

Time for Jerome to raise interest rates. gab13by13 Jun 27 #6

Trump can fix this...with his Sharpie. Midnight Writer Jun 27 #7