Breaking: Terrible GDP report just dropped… halfway to recession

[citygator]

Back to back bad news with job creation plummeting and GDP SHRINKING 0.3% vs a rise of 0.4% expected. Trump is wrecking America.

U.S. economy shrunk 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

Terrible news for people who love America and want it to succeed. 62000 new jobs down from 147000 last month,
Private payroll growth slowed to 62,000 in April, well below expectations

Is America's economic slip temporary? Trump, Biden allies divided over GDP report

The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop.

www.usatoday.com

 

[Zincwarrior]

The recession has started. The economy slowed in the First Qtr. Do you think Fox will cover this?

https://www.cnbc.com/2025/04/30/gdp-q1-2025-.html

Economy

U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses​

Published Wed, Apr 30 20258:30 AM EDTUpdated 12 Min Ago

Jeff Cox@jeff.cox.7528@JeffCoxCNBCcom
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The U.S. economy contracted in the first three months of 2025, fueling recession fears at the start of President Donald Trump’s second term in office as he wages a potentially costly trade war.

Gross domestic product, a sum of all the goods and services produced from January through March, fell at a 0.3% annualized pace, according to a Commerce Department report Wednesday adjusted for seasonal factors and inflation.


Economists surveyed by Dow Jones had been looking for a gain of 0.4% after GDP rose by 2.4% in the fourth quarter of 2024. However, over the past day or so some Wall Street economists changed their outlook to negative growth, largely due to an unexpected rise in imports as companies and consumers sought to get ahead of the Trump tariffs implemented in early April.

Indeed, imports soared 41.3% for the quarter, driven by a 50.9% increase in goods. Imports subtract from GDP, so the contraction in growth may not be viewed as negatively given the potential for the trend to reverse in subsequent quarters. Imports took more than 5 percentage points off the headline reading. Exports rose 1.8%.

Consumer spending slowed during the period but was still positive. Personal consumption expenditures increased 1.8% for the period, the slowest quarterly gain since Q2 of 2023 and down from a 4% gain in the prior quarter.

Moreover, private domestic investment soared during the period, rising 21.9%.

 

[citygator]

No word on how many Libs were owned with this bad news. Maybe it's enough to offset the loss of economic activity.

 

[Moonglow]

It's that Trump effect...Bad is good to a MAGAT

 

[Moonglow]

Trump is rich and pays nothing to live what the fuck does he care about the workers in the US.

 

[Marener]

Don’t get ahead of yourself. It’s negative because we imported a ton of stuff before tariffs hit. There will probably be a rebound next quarter as imports drop a lot.

If Trump’s policies cause a recession, it’ll probably occur at the end of the year or early next year.

 

[Zincwarrior]

Don’t get ahead of yourself. It’s negative because we imported a ton of stuff before tariffs hit. There will probably be a rebound next quarter as imports drop a lot.

If Trump’s policies cause a recession, it’ll probably occur at the end of the year or early next year.

No. Companies have already quit investing capital due to the uncertainty.

 

[Marener]

No. Companies have already quit investing capital due to the uncertainty.

They may be holding on new projects but capital outlays are decided months or years in advance. I doubt they’d shit down current projects, so it’ll take some time for that to become apparent.

We need to remember that things don’t always happen right away. The market can move a lot, but actual spending and the data to reflect it takes time to change.

 

[Missourian]

GDP reports don't count anymore, remember?

 

[rightwinger]

Back to back bad news with job creation plummeting and GDP SHRINKING 0.3% vs a rise of 0.4% expected. Trump is wrecking America.

U.S. economy shrunk 0.3% in the first quarter as Trump policy uncertainty weighed on businesses

Terrible news for people who love America and want it to succeed. 62000 new jobs down from 147000 last month,
Private payroll growth slowed to 62,000 in April, well below expectations

Is America's economic slip temporary? Trump, Biden allies divided over GDP report

The economy contracted 0.3% in the 1st quarter as imports surged ahead of Trump's tariffs. But underlying data showed sturdy growth, despite GDP drop.

www.usatoday.com

Business is scared

Hard to expand during chaos

 

[TNHarley]

We dont go by that stuff to determine recessions anymore. Remember?

 

[protectionist]

Trump is rich and pays nothing to live what the fuck does he care about the workers in the US.

More than globalist Demicrats who send US workers' jobs overseas.

 

[Moonglow]

More than globalist Demicrats who send US workers' jobs overseas.

That would be the wealthy in the US who are selling imports. To include Donald Trump and Elon Musk, but you love it when they send yer job overseas, you rich man's dupe...

 

[protectionist]

The recession has started. The economy slowed in the First Qtr. Do you think Fox will cover this?

https://www.cnbc.com/2025/04/30/gdp-q1-2025-.html

No pain no gain. US is like a football team in transition, rebuilding. Not expected to be productive in the short run, but MUCH better in the near future.

 

[Missourian]

Citygator - March 2024...

"An early Easter is always bad for business. Weather has been cool in the southeast. And the soft sales just isn’t the recent robust growth.

It’s about time to cut interest rates. Not even the Fed wants Trump back so we’ll see them come soon.“

Post in thread 'Biden’s economy hit with one-two punch of bad data.' Biden’s economy hit with one-two punch of bad data.

 

[protectionist]

That would be the wealthy in the US who are selling imports. To include Donald Trump and Elon Musk, but you love it when they send yer job overseas...

Supported for decades by Bill NAFTA Clinton and Barrack TPP Obama. Trump was not an outsourcer. Musk & Trump are the ones now bringing those jobs back to the US.

 

[Zincwarrior]

They may be holding on new projects but capital outlays are decided months or years in advance.

Not if they don't know what to do. But we'll see. This is bad. This is really bad.

I doubt they’d shit down current projects, so it’ll take some time for that to become apparent.

We need to remember that things don’t always happen right away. The market can move a lot, but actual spending and the data to reflect it takes time to change.

Agreed, but this is the actual economy, not the markets. I am scared to even look at what the market is doing this morning.

 

[Moonglow]

Supported for decades by Bill NAFTA Clinton and Barrack TPP Obama. Musk & Trump are the ones now bringing those jobs back to the US.

It was also supported by Nixon, Reagan and the Bush boys, so yer beef is?

 

[otto105]

More than globalist Demicrats who send US workers' jobs overseas.

Like leon shitler! and his Chinese tesla's?

 

[rightwinger]

They may be holding on new projects but capital outlays are decided months or years in advance. I doubt they’d shit down current projects, so it’ll take some time for that to become apparent.

We need to remember that things don’t always happen right away. The market can move a lot, but actual spending and the data to reflect it takes time to change.

It has been six months since Trump was elected
With Trumps constant reversals and upsetting the global market, hard to see many corporations investing or expanding