The advance estimate for GDP in the first quarter shows a decrease of 0.3%, marking a significant slowdown compared to the 2.4% growth recorded in Q4 2024. The sharp increase in imports notably contributed to this slowdown.

Further economic pressures, such as tariffs, trade policies, and other factors under constant review, could continue to affect GDP. A second consecutive quarter of negative GDP growth may signal a recession in the United States.

Relevant Sources

Bureau of Economic Analysis Release: bea.gov