New data released today found that real gross domestic product (GDP) decreased by 0.3% in the first quarter of 2025, below expectations. This is the lowest and first negative GDP reading since the second quarter of 2022. Groundwork Executive Director Lindsay Owens released the following statement:
“Our economy is crumbling under President Trump’s mismanagement, and today’s falling GDP data confirms our slide toward a recession. As growth grinds to a halt, Americans can expect fewer jobs, lower wages, and a worse standard of living. Between slow growth and sticky inflation, Trump is creating the conditions for a particularly brutal recession.”
This content originally appeared on Common Dreams and was authored by Newswire Editor.
Newswire Editor | Radio Free (2025-04-30T13:47:39+00:00) After Just Three Months of Trump, Economy Grinds to a Halt. Retrieved from https://www.radiofree.org/2025/04/30/after-just-three-months-of-trump-economy-grinds-to-a-halt/
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