Washington, June 26, 2025 (AFP) - US economy contracts more than estimated in first quarter: govt

NAMPA / AFP

2025-06-26

The US economy contracted more than previously estimated in the first three months this year, according to government data released Thursday, with consumer spending and exports weaker than expected. US GDP decreased at an annual rate of 0.5 percent in the first quarter, according to the Department of Commerce. This was down from an earlier estimate of a 0.2 percent decline, and lower than the 2.4 percent increase in the fourth quarter last year.......

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