US Growth Figure Expected To Make For Tough Reading For Trump

Source: International Business Times

Analysts expect US GDP figures to show a marked slowdown in growth for the first quarter of the year, spurred by rising imports ahead of the introduction of sweeping tariffs by President Donald Trump AFP US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect. "It's going to be a pretty dramatic slowdown from the fourth quarter," Moody's Analytics economist Matt Colyar told AFP. The gross domestic product data for the quarter will be published on Wednesday, the 101st day since Trump's return to office on January 20.