US Economy Contracts Amid Trade Tensions and Slow Down
The US economy showed signs of strain, contracting at an annualized rate of 0.2% in the first quarter of the year. This marks the first quarterly decline since mid-2022 and reinforces concerns about weakening economic momentum in the worldโs largest economy. Although there were gains in business investments and consumer activities, they were not enough to offset increased imports and reduced government spending. Investors must closely watch these trends as they can signal larger economic shifts.