GDP Whacked by Massive Spike in Imports on Frontrunning of Tariffs. Consumer Spending Grew, Business Investment Soared
wolfstreet.com/2025/04/30/q1-gdp-whacked-by-massive-spike-in-imports-on-tariff-frontrunning-consumer-spending-grew-business-investment-soared
“Final sales to private domestic purchasers” jumped by 3.0%, on strength in the private economy of businesses and consumers.
By Wolf Richter for WOLF STREET.
A massive spike in imports, by far the worst ever, on tariff-frontrunning subtracted 5.0 percentage points from GDP growth…
This story appeared on wolfstreet.com, 2025-04-30 17:21:44.