The U.S. economy declined sharply in the first quarter
The U.S. economy’s performance decreased at a steep pace in the first quarter after the coronavirus pandemic and austerity measures to curb its spread virtually halted the entire country in March.
According to the third final estimate, released by the Department of Commerce’s statistics institute on Thursday, gross domestic product (GDP) in January-March shrank by 5.0 percent year-on-year.
The data did not change from the second estimate, in line with analyst expectations. (MTI)
Related news
Strengthening economy and employment in Hungary in 2025
According to the latest analysis by the Oeconomus Economic Research…
Read more >
EU-US tariff war: tariffs are bad for companies, even worse for consumers
European Commission President Ursula von der Leyen has expressed regret…
Read more >
Egg shortage in the United States: Major retail chains have introduced restrictions
The bird flu outbreak in the United States is becoming…
Read more >
More related news >
Related news
KSH: in January, consumer prices exceeded the values of the same month of the previous year by 5.5 percent on average
Compared to January 2024, food prices increased by 6.0 percent,…
Read more >
Márton Nagy: high food inflation is unacceptable, the government is ready to take action with all means to protect families
According to Márton Nagy, high food inflation is unacceptable, and…
Read more >
NGM spokesperson: prices were already corrected in the last days of January
According to the Central Statistical Office (KSH), in January 2025,…
Read more >
