U.S. GDP Contracts 0.5% in Q1, Missing Forecasts

The United States economy shrank by 0.5% in the first quarter of 2025, according to the latest GDP data released on June 26. This marks a decline from the previous quarter's growth rate of 2.4% and falls short of the forecasted contraction of 0.2%.

Gross Domestic Product (GDP) measures the total value of goods and services produced within a country over a specific period, serving as a key indicator of economic health. The quarter-on-quarter (QoQ) figure reflects changes in economic output compared to the previous quarter, providing insight into short-term economic trends.