US economy shrunk faster than expected, new data shows

thehill.com/business/5371005-us-gdp-revised-lower-consumer-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 percentage points lower than the last measurement from the Commerce Department.
Economists…

This story appeared on thehill.com, 2025-06-26 15:03:53.
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