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Forbes median’s Steve Forbes, the ‘Big Money Show’ panel to talk about the international impact of trade tensions between the United States and China.
The US economy has signed an agreement in the first quarter as President Donald Trumps According to new information released on Wednesday, the economic agenda came into force.
The Bureau of Commerce Economic Analysis (BEA) has issued a pre-evaluation for the first quarter-total domestic product (GDP) The US economy has signed a contract In the first quarter working in January-March, the rate of 0.3% per annum.
Economists examined by LSEG were expected to increase by 0.3% in the quarter of the economy. The first quarter was slower than 0.3% contraction 2.4% GDP growth recorded in the fourth quarter. The quarterly contraction was the first since the first quarter of 2022.
First of all, the GDP landing was primarily associated with the increase in imports, as well as a decrease in public spending. These turns were partially replaced with investment, consumer costs and exports.
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The 41% increase in imports was managed by consumer goods, primarily by pharmaceutical goods, drugs and vitamins; and with capital goods such as computers and parts. The increase in imports was governed by importers appointed by importers that organize the product to increase the implementation of traffic tariffs.
Consumer expenditures increased for both services (+ 2.4%), increased value for goods, and growth for health, housing and utilities, 1.8% increased by goods (+ 0.5%). Within the expenditure of goods, the 2.7% increase of 2.7% of the value of non-shopping goods was partially replaced by a 3.4% decrease.
In the first quarter, business investment in the first quarter increased by 21.9% after the first quarter of the fourth quarter. Uncertain investment, 9.8% in the quarter, increased by 22.5% of equipment expenditures, 9.8%.
In the first quarter of the fourth quarter, one-time private income was 2.7% and above 1.9%.
Individual savings as a percentage of personal earnings was 4% in the first quarter, and 3.7% in the fourth quarter – although in the first quarter of 2024.
This is a developing story. Please check again for updates.
