Shrinking the GDP of USA In the first quarter of 2025 for the first time since 2022, due to the increase in imports before tariffs and the most moderate consumer spending, a first snapshot of Donald Trump’s policy.
Inflation -adapted gross US domestic product decreased by 0.3% on an annual basis in the first quarter, well below the average growth of about 3% in the past two years, according to the initial estimate of the government published today (30.4.2025).
In a post on Truth Social that followed the exhibition, Trump did not specifically mention GDP, but referred to the “Biden Stock Exchange, not Trump”.
“I didn’t take over before January 20th. The duties will soon be implemented and companies are starting to move to the US in record number, “he said in the post.
“Our country will flourish, but we have to get rid of Biden’s” over -cover “. This will take some time, it has nothing to do with the invoices, only left us with bad numbers, but when the explosion begins, it will have no precedent. Be Patient !!! “
The data highlight the efforts of companies to secure goods in view of the expansion duties, with net exports deducting almost 5 percentage points from GDP, the largest ever recorded, according to the report by the Bloomberg Bureau, according to a report by Bloomberg. The decline in federal costs also burdened the percentage.
Consumer spending – representing two -thirds of GDP – have proceeded at a rate of 1.8%, which is the weakest since mid -2023, but still better than economists’ forecasts. An indicator of the underlying demand for the economy was stable, assisted by the faster increase in business equipment markets by 2020.