United States economy contracts as tariffs weigh on economy

May 2, 2025

The United States economy contracted by 0.3% in the first quarter of 2025, according to the Commerce Department, the first quarter of decline since 2022. The decline in gross domestic product (GDP) is due to a large surge in imports despite other parts of the economy slowing down, all while inflation remains high.

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This Week’s New Articles

05 May 2025

Updates every Monday.

Allianz

➦ Eurozone’s robust Q1 growth, US tariff-induced recession, inventories and storage to the rescue and major insolvencies further on rise
Eurozone: Robust growth before tariffs bite.
Atradius
Coface
Credendo

➦ Ecuador: Re-election Noboa likely to ensure orthodox policies and adherence to vital IMF programme
Incumbent President Daniel Noboa won re-election decisively, securing his first full four-year term in office.
Goldman Sachs
Marsh

➦ Global construction market update
Marsh’s latest Construction Market Update provides a comprehensive overview of the current state of the insurance market across key coverages relevant to construction companies around the world, highlighting the potential impacts of increased insurer appetite and capacity through 2025.
Wells Fargo

➦ Steady hiring, wilting confidence and a yawning trade gap
International: Economics Is Like a Box of Chocolates

➦ International Economic Outlook: April 2025
International: Economics Is Like a Box of Chocolates
World Economic Forum

➦ 2025 Insight Report: 2024 Global Retail Investor Outlook
Retail investing has undergone a seismic shift. Global market activity, once dominated by institutional players now includes a rapidly growing share of individual investors. However, many investors still face barriers to participation, such as limited financial education, economic uncertainty and the complexity of evolving technology.
Risk Maps