
US GDP Contracts 0.3% in Q1 as Tariffs Fuel Recession Fears
US GDP shrinks 0.3% in Q1 amid rising tariffs, record export drag and slowing consumer and government spending, as recession fears take hold.
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US GDP shrinks 0.3% in Q1 amid rising tariffs, record export drag and slowing consumer and government spending, as recession fears take hold.
U.S. GDP growth surged to 2.8% in Q2 2024, signaling economic recovery despite challenges in private investment due to high interest rates.