News@lemmy.world · 9 months ago

US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed

apnews.com

cross-posted to:
economy@lemmy.world

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US economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed

apnews.com

RandAlThor@lemmy.ca to

News@lemmy.world · 9 months ago

cross-posted to:
economy@lemmy.world

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.

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