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A update on the total local products (GDP) showed a sharp decrease in growth with the American economy that it suffers from an annual rate of 0.3 % in the first quarter, according to advanced estimates It was issued by the Economic Analysis Office in the United States Wednesday.

It was the first negative reading in three years. Economists expected a decrease to 0.1 % of growth. In the fourth quarter of 2024, the real GDP increased by 2.4 %.

The decrease in the first place reflects an increase in imports such as Trump Target Confidence fled the defeated and companies to a stock.

Along with an increase in imports, bea said that the slowdown in consumer spending and landing in government spending also added pressure on reading. Compared to the fourth quarter, it was partly compensated by the rise in investment and exports.

Pricing pressure also escalated.

Personal consumption expenses (PCE) increased by 3.6 %, compared to an increase of 2.4 % in the previous quarter. With the exception of food and energy prices, the PC’s price index jumped by 3.5 %, which is an acceleration of an increase of 2.6 % in the fourth quarter.