Apparently Trump is going to sink the economy along with himself.
US economy goes into reverse from Trump’s abrupt policy shifts
The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses.
Gross domestic product, which measures all the goods and services produced in the economy, registered at an annualized rate of -0.3% in the first quarter, the Commerce Department said Wednesday.
That’s a sharp slowdown from the fourth quarter’s 2.4% rate, and much worse than the 0.8% rate economists projected. GDP is adjusted for seasonal swings and inflation.
US stocks dropped after the GDP report was released.
www.businessinsider.com
US economy goes into reverse from Trump’s abrupt policy shifts
The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses.
Gross domestic product, which measures all the goods and services produced in the economy, registered at an annualized rate of -0.3% in the first quarter, the Commerce Department said Wednesday.
That’s a sharp slowdown from the fourth quarter’s 2.4% rate, and much worse than the 0.8% rate economists projected. GDP is adjusted for seasonal swings and inflation.
US stocks dropped after the GDP report was released.
Stock Market Today: Dow, S&P 500 Drop; GDP Data Shows Economy Contracting
The US economy just shrank for the first time in 3 years as businesses braced for tariffs
The US economy just shrank for the first time in 3 years as businesses braced for tariffs
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's first quarter.
www.businessinsider.com