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From Bureau Of Economic Analysis: 1st Quarter GDP DECREASED By 0.3%. [1]
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Date: 2025-04-30
From the Bureau of Economic Analysis:
The decrease in real GDP in the first quarter primarily reflected an increase in imports, which are a subtraction in the calculation of GDP, and a decrease in government spending. These movements were partly offset by increases in investment, consumer spending, and exports.
In the last quarter of the Biden Administration, the GDP rose by 2.4%. The initial estimate for the 1st Quarter of 2025 is a contraction of 0.3%. The next estimate will be released on May 29th.
Keep in mind, this doesn’t really take into account what has been going on in the trade war with China, at least not yet. It looks like this was the damage done by Elon Musk and the flying monkeys at DOGE.
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