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US Economy Contracts 0.3% in Q1 2025
Source: Buzz FX / 30 Apr 2025 13:41:28 America/New_York
The US economy shrank at a 0.3% annualized pace in Q1 2025 as a record 41.3% surge in imports ahead of new Trump administration tariffs subtracted more than five percentage points from growth, Commerce Department data showed Wednesday.
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