https://www.taxtmi.com/news?id=47702 GDP contracted at a 0.5% annualized rate in January-March, largely due to a surge in imports that subtracted nearly 4.7 percentage points from growth; consumer spending slowed to 0.5% and federal government spending fell, while a core measure of activity rose 1.9% but was downgraded from prior estimates, and forecasters expect a rebound in the next quarter. en-us Thu, 26 Jun 2025 19:46:03 +0530 Thu, 26 Jun 2025 19:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47702 GDP contracted at a 0.5% annualized rate in January-March, largely due to a surge in imports that subtracted nearly 4.7 percentage points from growth; consumer spending slowed to 0.5% and federal government spending fell, while a core measure of activity rose 1.9% but was downgraded from prior estimates, and forecasters expect a rebound in the next quarter. News - Thu, 26 Jun 2025 19:46:03 +0530 https://www.taxtmi.com/news?id=47702