💨 Abstract

The US economy shrank by 0.3% in Q1 2025, the first drop in three years, due to President Trump's trade wars causing businesses to cancel orders from China, postpone expansion plans, and brace for uncertainty. The higher costs and potential shortages are expected to increase recession risks. Economists anticipate GDP growth of only 0.8% for Q1, the slowest quarter in nearly three years.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖