Us economy slowdown: Due to the tariff war raised around the world towards US President Donald Trump, his own country has been hit by it. In such a situation, the question is arising whether this is not a call for the recession coming in the world’s largest economy America?
The condition of America has become the condition today that during the first quarter of the last three months from January to March, the American economy has slipped down 0.3 percent. This situation has been seen for the first time during the last three years. It is reported in the estimate issued by the US Department of Commerce.
One reason for this slow pace and decline of this economy in the first quarter is that American companies imported a lot of goods from outside due to fear of Trump’s tariff. If we compare the decline in American JDP between January and March since 2024, then the US economy had increased by 2.4 percent at that time.
American economy bad condition
According to the AP report, the import in the US increased by nearly 41 percent, which is the highest since 2020. Consumer spending also saw a decline with a decline and it declined to 1.8 percent as compared to 4 percent from October to December last year.
The direct impact of this decline in the economy is being seen on the American stock market there. As soon as GDP data released, Dow Jones dives 400 points. On the other hand, S&P 500 also slipped 1.5 percent. While Nasdaq Composite has seen a decline of 2 percent.
For the first time in American, it has been imported for the first time 1972 and its bar Corona Kaal and after that. However, in the second quarter, it can be seen upside down and the pressure on GDP may be reduced. Pod Ashwarth of Capital Economics believes that economy can return by growing 2 percent between April-June.
Also read: Gold Price Today: How much cheaper became gold today on 1 May 2025? Learn your city’s latest rates