Economic Buzz: US GDP contracts 0.2% in March quarter

The US Gross Domestic Product (GDP), witnessed a slight decline in recent figures. The annualized change in the inflation-adjusted value of all goods and services produced by the economy, a broad measure of economic activity, decreased by 0.2% in the first quarter of 2025, data from Bureau of Economic Analysis or BEA stated. In the fourth quarter of 2024, real GDP increased 2.4%. Compared to the fourth quarter, the downturn in real GDP in the first quarter primarily reflected an upturn in imports, a deceleration in consumer spending, and a downturn in government spending that were partly offset by upturns in investment and exports.

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