What's going on with the GDP reading?
Update: 2025-04-30
Description
Gross domestic product shrunk 0.3% from January to March — the first growthless quarter since the pandemic recovery in early 2022. The cause? All the buying up that businesses and consumers did to beat tariff-induced price increases. We'll parse the data. Plus, Stellantis suspends 2025 guidance, Amazon backs away from transparency about the cost of tariffs, and the United Kingdom clamps down on a tax loophole for the rich.
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