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US Stock Markets Plunge as Recession Fears Intensify Amid GDP Contraction
US Stock Markets Plunge as Recession Fears Intensify Amid GDP Contraction
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The US economy shrank for the first time since early 2022, with GDP contracting in Q1 2025 as businesses and consumers rushed imports ahead of new tariffs. The 41.3% surge in imports—led by a 50.9% spike in goods—slashed over 5 percentage points from GDP, defying expectations of 0.4% growth.
Wall Street’s Optimism from Q4 2024’s 2.4% gain evaporated as the downturn hit during President Trump’s renewed trade wars. The Commerce Department’s report sent recession probabilities soaring to 74%, triggering a market rout.
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