The US economy shrank much faster in the first quarter than previously reported
https://www.cnn.com/2025/06/26/economy/us-gdp-q1-final
The US economy shrank much faster in the first quarter than previously reported
https://www.cnn.com/2025/06/26/economy/us-gdp-q1-final
41 comments
<surprised pickachu face>
ruh-roh, that does not bode well for this week’s second quarter GDP report.
and just like that – Trump will now stop issuing the data.
As a consumer the only thing I’m confident about is me going on a very long sojourn overseas come September, fuck this country
If this trend continues we will see a 2% contraction by the end of the year. For reference, the 08 collapse saw a 4% contraction, and the 2020 pandemic saw a 3.5% contraction.
You mean the numbers reported weren’t accurate, shocking.
This is 100% the result of Trump’s economic policies. If they continue the economy is going to tank.
No shit. Businesses are shuttering left and right. Between the tariffs raising costs beyond what anyone can absorb and the sudden, violent removal of vast swaths of the available labor, what did they expect to happen?
Republicans are terrible for the economy, so this is no surprise.
I guess pissing off almost every country in world (except for daddy Vlad obv) with tarrifs and scaring off tourists wasn’t a great idea huh? International relations must be as difficult as solving the Ukraine conflict on day one, who knew? (Everyone knew, except Taco Don the moron)
Oh no… But so many voters were sure Trump would be better for the economy. He’s a businessman, after all! I can’t believe voters got this one wrong, how unfortunate.
Meanwhile The Fanta Führer says it’s the best economy ever
Anyone who works in manufacturing knows this.
I lost my job back in April because of the tariffs. It was no shock because business just about halted the moment Trump took office.
We’re coming up on 6 months. By October, I think it’s only going to look worse.
We’re just going to revise the decline to 250% of what we previously reported; nothing to see here.
From ANIMAL FARM
On Sunday mornings Squealer, holding down a long strip of paper with his trotter, would read out to them lists of figures proving that the production of every class of foodstuff had increased by two hundred per cent, three hundred per cent, or five hundred per cent, as the case might be. The animals saw no reason to disbelieve him, especially as they could no longer remember very clearly what conditions had been like before the Rebellion. All the same, there were days when they felt that they would sooner have had less figures and more food.
The TACO effect!
And yet futures are showing strength. Totally rational and in no way rigged market
Kamala Harris was right, Trump will lead us into recession after 6 months in office.
Republicans keep fcking up the economy yet Americans keep voting for them, lol.
Of course tariffs will do that, the unpredictability of the administration, refusing to pay out government contracts, firing thousands and thousands of fed workers, yes all of that lol.
trump lied oh rly? like the constant „lower rates“ wasnt a dead giveaway
The working class didn’t need to wait months for numbers. We felt it immediately since the oligarchs were jacking prices up immediately as soon as the news hit.
I don’t watch much cable news, but I do appreciate the balls CNN is showing by writing this article. If you question Donakd or his economy, he’s prone to fits of rage.
Questioning the GDP numbers days after the Iran thing, CNN is practically trolling him at this point and I’m here for it!
Trump and his smaga cult are destroying the economy Biden built:
> The latest estimate showed that consumer spending — the lifeblood of the US economy — was tepid in the beginning of the year. Spending in the first quarter grew at a rate of just 0.5%, down from 1.2% in an earlier estimate. **That’s the weakest rate in more than four years.**
Why would Hunter Biden’s laptop do this to us?
The economy has definitely shrunk this quarter too. I work in development in a metro area that is growing and holy shit are things slow right now.
Half of my neighbors have been out of work for over a year, and they still can’t find jobs. Between outsourcing, AI replacing workers, businesses shutting down or being sold off, constant layoffs, and overall economic uncertainty — it’s a storm of instability. From where I’m standing, there’s nothing ‘strong’ about this economy.
Gee, I wonder why?
/S
At this point, I’m honestly astounded that any potential watchdog/news report with negative numbers isn’t getting stamped out before it hits the airwaves.
I don’t want to be a conspiracy theorist, but we have a proven narcissistic liar running the show and getting into everyone’s business at every opportunity. It’s pretty hard to take anything touched by this administration at face value.
They say this like we didn’t fucking notice lol…
You mean attacking all our trading partners and rounding up workers like cattle was bad for business?
What a shocker that adding a massive tax hurts the economy.
Don’t need the data or a report. We know
I’m overseas right now and the number of American laid off product managers, software engineers, and other white collar workers trying to figure out some new paths is pretty noticeable and has been noted by the locals.
I mean, yeah, this shouldn’t be a surprise to anyone paying even a little bit of attention. While consumer confidence expectations are around 60, up from low 50’s in April and May, anything under 80 is a historically an important potential recession indicator, not a guarantee though.
I don’t understand why the wealthy support Trump still… they legit lose money. I don’t get it
Well yes, that’s what happens when you have the King of Bankruptcies at the helm
MAGA: This is Biden’s fault!
Queue the incoming “fake news” screeching.
Anything critical of Dear Leader or his regime will get a hostile reception, as usual.
Another GOP led recession inbound.
It’s only going to get worse.
Shipments from China are rolling in and they’re getting slapped with an additional 35% tariff. Not only that, increased shipping costs due to high demand.
I just don’t see how we’re not going to end up in a fairly major recession.
Hammer the tourism industry by making tourists too scared to visit, put insane and unpredictable tariffs on everything, alienate your largest trading partners so much that they start looking elsewhere, eliminate a a huge swath of the agricultural workforce, attack the Federal government by cutting jobs with a chainsaw, cut or eliminate all research and grants … and this isn’t even a complete list.
I am telling you the economy has been set up to hit a brick wall with no airbags. We are just at the beginning of the collision, and the people in back can’t see it yet.
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