🚨US Q1 2025 GDP was revised lower

Consumer spending last quarter was the weakest since the 2020 Crisis

US Q1 2025 GDP was revised down to -0.5%, from -0.2%, confirming the first contraction since Q1 2022.

Personal consumption was revised lower by 0.7 percentage points, to +0.5%, making this the weakest quarter since the 2020 Crisis.

This also marked the 2nd downward revision after the first 0.5 percentage points adjustment on May 29.

US consumer spending was the weakest in years.

A full breakdown of US economic growth over the last few quarters prepared by Charles Schwab can be seen below.

How did the top 10 world economies perform in Q1 2025?

Time to revisit the economic growth in the top largest global economies, and what are their future perspectives

globalmarketsinvestor.beehiiv.com/p/how-did-the-top-10-world-economies-perform-in-q1-2025

⚠️The US labor market headline numbers are useless

The job market is in a way worse shape than the non-farm payrolls readings show

globalmarketsinvestor.beehiiv.com/p/the-us-labor-market-headline-numbers-are-useless

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