U.S. Economy Shrinks in First Quarter of 2025

By Katharina Buchholz – Statista

The U.S. economy shrank by 0.3 percent in the first quarter of 2025, data released Wednesday by the Bureau of Economic Analysis shows. In Q4, real GDP had still grown by 2.4 percent on an annualized, seasonally adjusted basis. Economists had expected a gain of 0.4 percent on average. Stock markets slipped on the news. Imports to the U.S. soared ahead of the Trump administration’s tariff announcements, which had a negative effect on GDP.