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The U.S. economy shrank much than expected successful the archetypal 4th of 2025.
According to the data, the contraction of GDP was greater than forecast, with user spending and exports turning retired little than expected.
Specifically, connected an annualized basis, GDP shrank by 0.5% successful the archetypal quarter, compared to the erstwhile estimation of a 0.2% decline.
Analysts had expected a smaller contraction, which heightens concerns astir the wide trajectory of the U.S. economy.
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