The US economy shrunk in the first quarter of this year. Gross domestic product (GDP) sank 0.3 percent, reports Forbes. The economy has not had weaker development since the first quarter of 2022. In comparison, GDP increased by 2.4 percent in the fourth quarter in 2024, according to the US Ministry of Trade. On Tuesday, President Donald Trump had ruled the country for 100 days. He has pursued an aggressive trade policy with extensive tariff rates. Many economists have predicted that this would weaken the US economy.
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