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- Claim Text
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Those revisions could be significant: Many economists initially dismissed the contraction in G.D.P. in the first quarter because consumer spending was solid and measures of underlying growth were strong.
- Simplified Text
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Revisions could be significant because many economists initially dismissed the first quarter GDP contraction.
- Confidence Score
- 0.900
- Claim Maker
- The author
- Context Type
- News Article
- Subject Tags
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- 9fdae134-eaa8-44f6-b7db-57334fc628dd
- Vector Index
- ✗ No vector
- Created
- September 11, 2025 at 8:58 PM (3 days ago)
- Last Updated
- September 11, 2025 at 8:58 PM (3 days ago)
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3 days ago
https://www.nytimes.com/2025/07/30/business/us-economy-grew-in-second-quarter-as-tariffs-scrambled-data.html
US economic growth slowed in the first half of 2025 due to tariffs impacting trade and consumer spending. GDP rebounded in Q2, but underlying growth remained weak.
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