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U.S. 1st quarter GDP revised down 0.5% in 3rd estimate

U.S. first quarter GDP revised down 0.5% in third estimate

The U.S. economy shrank at a faster pace in the beginning of the year than originally reported, as new economic data showed a more significant drop in consumer spending.

Bloomberg on MSN · 1d

US GDP Revised Lower as Consumers Slash Services Spending

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

Seeking Alpha · 1d

U.S. Q1 GDP, Third Estimate: Major Revisions To Consumption In The Final Look At First Quarter Growth

GDP was revised to -0.5% as consumption weakened and inflation edged higher, complicating Fed policy. See why markets are watching inflation, not growth.

All NATO States Agree to Spend 5 Percent of GDP on Defense

BBC · 1d

Trump says Nato defence spend rising to 5% of GDP is 'big win' for US and the West

In a statement, called the Hague Declaration, members also say: "We reaffirm our ironclad commitment to collective defence".

UPI News on MSN · 2d

NATO agrees to 5% GDP for defense after Trump reaffirms commitment

U.S. President Donald Trump confirmed his commitment Wednesday NATO's core mutual defense pact at under which an attack on any member is an attack on all, after earlier sparking jitters over his resolve.

The National Interest · 21h

All NATO States Agree to Spend 5 Percent of GDP on Defense, But Not Spain

While on the campaign trail last year, Donald Trump infamously quipped that “everybody’s gotta pay.” It was a reference to NATO members meeting defense spending obligations, and in The Hague this week,

8hon MSN

GDP data shows U.S. economy shrank more than previously thought in early 2025

New GDP data shows the U.S. economy shrank at an 0.5% annual pace from January through March, the first quarterly drop in ...

3hon MSN

Canada's GDP contracts in April, likely another decline in May

Canada's economy contracted in April on a monthly basis, data showed on Friday, as sectors exposed to tariffs and uncertainty ...

1don MSN

White House pushes back on 'remarkably low' GDP forecasts for Trump-GOP tax bill

The White House disputes the CBO's $2.8 trillion deficit projection for Republican tax package, claiming the analysis ...

Marketplace1d

Why health care spending is an ever-growing part of GDP

National spending on health care will surpass 20% of GDP by 2033, up from 17.6% in 2023, according to new government ...

19h

GDP slumped in first quarter more than previously reported

Gross domestic product shrank at a revised 0.5%% annual rate in the first quarter, the government’s second update showed. Previously GDP was reported to have contracted by 0.2%. GDP is the official ...

Indie Entertainment Sector Contributed More To The GDP In 2024 Than Beer, Gaming, Airline Industries

And yet 64 percent of these stages operated without profitability in 2024, according to new study "The State of Live," ...

3don MSN

Argentina GDP Growth Fastest Since 2022, Though Lagging Forecasts

Compared to the fourth quarter of 2024, GDP expanded 0.8% in seasonally adjusted terms. Argentina's economy emerged from a ...

1hon MSN

Shrinking GDP may not be enough for the Bank of Canada to start cutting rates again

Canada’s gross domestic product (GDP) is shrinking as the trade drama with the United States drags on, but economists say the ...

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U.S. 1st quarter GDP revised down 0.5% in 3rd estimate

All NATO States Agree to Spend 5 Percent of GDP on Defense

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