26/6/2025–|Last update: 18:06 (Mecca time)
The American economy shrinks in the first quarter of this year at a little faster than what was previously believed with the exposure of consumer spending to a state of apathy, which confirms the occurrence of distortions against the background of a policy Customs Violence adopted by the President’s administration Donald Trump.
On Thursday, the US State Department’s Economic Analysis Office said on Thursday in a third round of its estimates for GDP that the data indicate after the amendment that it decreased 0.5% on an annual basis in the past quarter. A previous estimate had concluded a decrease of 0.2%.
The amendment reflects a sharp decrease in the spending of consumers, which current estimates indicate that only 0.5% increased, instead of 1.2% in a previous reading.
The economy grew 2.4% in the fourth quarter of last year. Local demand growth was reduced to 1.9% from 2.5% in previous reading.
Most of the decrease came in gross domestic product Because of the flow of imports, companies rushed to bring goods before the start of applying comprehensive customs duties imposed by President Trump.
Consumer spending also slowed with the decline in the pre -emptive purchase of goods, especially cars, before imposing fees on imports.
While Trump retreated or postponed some of his most severe strikes, amid continuing commercial negotiations, the deadline in July is approaching to implement higher taxes on dozens of economies, which increases the state of ambiguity in the economy.