Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Apollo Chief Economist Torsten SLOK prepares the risks facing the US economy on the Barron’s Round Table.
The economy of the United States has led to rising tariffs and aliques to increase the rises in the first quarter.
The Bureau of Economic Analysis of the Trade Department (BEA) left the third estimate of the first quarter General internal product (GDP), in the first quarter of the US economy in January-March, a 0.5% contract was signed.
Economists examined by LSEG, in accordance with the second initial reading of the economy, they waited to expect a 0.2% contract in the quarter. In the fourth quarter, 2.4% of GDP growth comes after increasing 2.4%.
0.5% Contraction to GDP GDP figures shown in the first quarterfinals were quarterly narrowing since the first quarter of 2022.
Job seekers in Limbo continue for long-term unemployment
GDP’s landing was primarily attributed to each other The increase in imports Along with the decrease in government spending. These turns have been partially replaced by an increase in investment and consumption costs.
In the first quarter, imports increased by 37.9% and organized a 4.66% contraction in GDP, as firms have reduced imports to minimize the influence of the president Donald Trumps Tariffs for taxed goods. Import in the calculation of GDP is the extraction of importing the metric for the measurement of local production.
Government costs Compared to the previous quarter, 0.6% lower, 4.6% decrease in federal expenditures, partially replaced by the state and local governments by 2%.
Inflation in an annual year in May increased
GDP has contracted more than expected in the first quarter of 2025. ((Photo by Stefani Reynolds / AFP via Getty Images) / Getty Images)
Consumer expenses In the first quarter, 0.5%, 0.1% and service expenditures are expended by an increase of 0.6% compared to the previous quarter.
After a 5.6% contraction in the fourth quarter, the private investment in the first quarter increased by 23.8%.
The fourth quarter will not be changed, and one-time personal income in the first quarter was 2.5%. Personal savings Like a percentage percentage of one-time income, is 3.8% by the end of last year.
JPMorgan CEO Jamie Dimon can quickly worsen economic terms
“The data confirms that the tariff concerns causes the inconvenience to a front of the year – enterprises are financing new tasks, accelerated some items to prevent price growth,” he said.
In the first quarter, the imports were calculated for a 4.66% contraction in GDP, 37.9%. (Joe Raedle / Getty Images / Getty Images)
“The demand and supply of these wild swings was spread between the quarters that Q1 and Q2 print in economic flows reflect the tariff,” he added.
Get the fox work on the way by clicking here
The decline in Q1 was more common than previously thought out, but the engine of internal buyers is worried about the fact that the engine of the economy is the engine of the real final. “
