US GDP contracts 0.2% in Q1, slightly less than previously estimated

NAMPA / DPA

2025-05-29

Washington (dpa-AFX) - The US economy shrank by 0.2% in the first quarter, slightly less than previously estimated, a report released by the Commerce Department on Thursday. The Commerce Department said real gross domestic product (GDP) edged down by a revised 0.2% in the first quarter compared to the previously reported 0.3% dip. Economists had expected the decrease to remain unrevised. The slightly smaller than previously estimated decline refl......

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