WASHINGTON, May 28 (Reuters) - U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and ...

The economy contracted at a 0.2% annual rate in the first quarter of 2025, the Bureau of Economic Analysis said Thursday in a revision to its estimate of GDP. A preliminary report from the agency ...

The U.S. economy contracted less than initially thought in the first three months of the year as an increase in imports, slowing consumer spending, and a downturn in government spending were partly ...

The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.

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 ...