GDP

In the first quarter, China’s economy added an estimated $420 billion in growth. The US economy, amid a quirky downturn partly due to pre-tariff import surges, lost about $24 billion — contradicting Donald Trump’s aspirations of overtaking China economically.

Pretending that consumption and investment were unaffected by the surge in imports is simply not serious analysis.

The first quarter GDP report is difficult to read, but it is certain that we have been knocked off the growth path we had in the last two years of the Biden administration.

Surging imports in the first quarter of 2025 led to the first quarter of negative growth in three years — a sharp turnaround from the 2.5 percent growth rate of 2024.

The first quarterly GDP report under Trump shows early economic impacts from anticipated tariffs, slowing productivity growth, waning factory construction, and heightened uncertainty about future growth, signaling a shift away from the pandemic recovery pattern and raising recession risks.

Learn about the fourth-quarter GDP data and its implications for the United States economy. Explore growth rates and key economic indicators.

Discover the projected GDP growth for the United States in 2024. Learn about the factors behind the strong consumption and moderate investment and government spending.

The US economy continues to outpace most other wealthy countries: Growth is healthy and balanced, productivity growth remains strong, and inflation looks to be under control.

Preview the upcoming third quarter GDP release. Expect impressive growth, driven by strong consumption and non-residential investment.

The GDP grew by 2.8% in the second quarter. Learn about the role of equipment investment and durable consumption in driving this growth