The UK economy shrank more than expected in April as the worst of President Trump's tariffs hit. The standard measure of ...

The updated figures showed that the world’s fourth-largest economy had contracted even before US President Donald Trump’s ...

The U.S. services sector contracted for the first time in nearly a year in May while businesses paid higher prices for inputs ...

The U.S. services sector contracted for the first time in nearly a year in May while businesses paid higher prices for inputs ...

President Trump's trade war and recent immigration raids are expected to deliver a one-two punch to California's economy.

ABC News’ Alexis Christoforous reports on lates economic numbers as President Donald Trump’s tariffs continue to play out.

Activity at US service providers slipped into contraction territory last month for the first time in nearly a year on an abrupt pullback in demand, while prices accelerated as higher tariffs ...

The US economy experienced a 0.2% contraction in the first quarter of 2025, primarily due to a surge in imports ahead of President Trump's tariff hikes. This decline, the first in three years, was ...

The US economy has contracted by 0.2% in the first quarter of the year on a quarterly basis, the Bureau of Economic Analysis (BEA) data showed on Thursday. The BEA stated that the US GDP decreased ...