this post was submitted on 01 May 2025
43 points (97.8% liked)

Economics

795 readers
176 users here now

founded 2 years ago
43
Trump tells business chiefs he needs 'little bit of time' as US economy shrinks (www.bbc.com)
submitted 4 days ago by [email protected] to c/[email protected]
10 comments fedilink hide all child comments
 

Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears.

He claimed the figure was misleading because companies had stockpiled imports ahead of his imposition of tariffs.

The US economy contracted at an annual rate of 0.3%, the US commerce department said, a sharp downturn after growth of 2.4% in the previous quarter. It comes as Trump marks 100 days in office, with opinion polls indicating public discontent over his economic stewardship.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 4 days ago

Little mix up on the 2nd date (2005 instead of 2025). Whatever, I'm still partying like it's 1799!