In Q1 2025, the U.S. GDP decreased by 0.3%, reversing the previous growth of 2.4% in Q4 2024. Trump attributed this decline to Biden’s policies rather than tariffs, insisting that the economy would recover as tariffs are implemented.
The drop in GDP brings the U.S. Economy close to a technical recession, marked by two consecutive quarters of negative growth. Additionally, consumer confidence plunged by 32%, hitting its lowest point since the 1990 recession, raising concerns about economic stability.
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