For months, economists and retailers have claimed that the tariffs will spike prices, yet government measurements of ...

The U.S. economy shrank at a faster pace in the beginning of the year than originally reported, as new economic data showed a ...

The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, ...

U.S. economic growth declined more than initially estimated, with an increase in imports and a decline in government spending ...

First-quarter gross domestic product (GDP) growth was revised lower Thursday in light of reduced consumer spending, surprising economists. GDP contracted by 0.5 percent on an annualized basis, 0.3 ...

Gross domestic product shrank at a revised 0.5%% annual rate in the first quarter, the government’s second update showed. Previously GDP was reported to have contracted by 0.2%. GDP is the official ...

Gross domestic product, which captures all the goods and services produced in the economy, registered an annualized rate of -0.2% in the first quarter, according to the Commerce Department’s ...

Imports of foreign goods and services detract from the country's gross domestic product – more imports cause a greater decline. The Q1 drop was the largest since a 1% loss in Q1 2022, ...