US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed
apnews.com
The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate.
  • gadfly1999@lemm.eeEnglish
    4·
    2 days ago

    Damn, usually the GOP can coast for a few quarters on the good economy the Dems hand over. Trump wasted no time fucking this up.

    • timbuck2themoon@sh.itjust.worksEnglish
      2·
      2 days ago

      What’s worse is this was when companies and people were ordering things before tariffs. To shrink while that was going on? Good God he fucked it up in record time.