US GDP contracts 0.3% in Q1 2025 on weak spending, higher imports
Real US GDP decreased at an annual rate of 0.3 per cent in Q1 2025, according to the advance estimate released by the Bureau of Economic Analysis. In Q4 2024, real GDP increased by 2.4 per cent. The Q1 2025 decrease primarily reflected an increase in imports, which are a subtraction in the calculation of GDP; a decrease in government spending; and a deceleration in consumer spending.
Real US GDP decreased at an annual rate of 0.3 per cent in Q1 2025, according to the advance estimate released by the Bureau of Economic Analysis.
In Q4 2024, real GDP increased by 2.4 per cent.
The Q1 2025 decrease primarily reflected an increase in imports, which are a subtraction in the calculation of GDP; a decrease in government spending; and a deceleration in consumer spending.
