U.S. Economy Shrank in the First Quarter; Why It’s Not Time to Worry About Recession; Inflation Sped Up in the Quarter
Written by Black Hot Fire Network on April 30, 2025
The U.S. economy shrank in the first quarter, but the underlying data show trends under the hood that should dampen recession fears.
“Real GDP slipped in the first quarter, and while a decline during an expansion is unusual, it’s not unheard of and the economy isn’t in a recession, wrote Ryan Sweet, chief U.S. economist at Oxford Economics.
One of the key areas of optimism is the fact that consumer spending largely held up, posting a . . .
