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US economy shrinks for first time in three years | DW News
Posted
May 1, 2025
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May 1, 2025
12,685
196
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2.35%
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5:42Now PlayingThe US economy shrank by 0.3% in the first quarter of this year: the first drop in three years. Economists say GDP fell because of a surge in imports, as companies rushed to bring in foreign goods before US President Donald Trump imposed his tariffs. Meanwhile, Trump has blamed his predecessor Joe Biden for the downturn.
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