Recession fears rise as US economy shrinks in first quarter
Fears of a recession have been triggered after the US economy shrank in the first quarter of 2025.
GDP has come down by 0.3 per cent, making it the worst performance in three years.
Economists say consumers are preparing for US President Donald Trump’s worldwide wave of tariffs to land, triggering an unprecedented surge in imports.
The US President attempted to shift the blame for the GDP figures towards his predecessor.
