U.S. Economy Contracts for First Time in Three Years, Stirring Global Concerns
The first time in three years, the United States—the world’s largest economy—has posted a quarterly contraction in gross domestic product (GDP), triggering alarm among economists and policymakers at home and abroad. According to data released by the U.S. Commerce Department, the nation’s GDP shrank by 0.3% in the first quarter of 2025, a stark reversal … Read more