GDP revised up to -0.2% growth rate for first quarter

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The economy contracted at a 0.2% annual rate in the first quarter of 2025, the Bureau of Economic Analysis said Thursday in a revision to its estimate of GDP.

A preliminary report from the agency found that the economy contracted at a 0.3% rate in the quarter, so Thursday’s report represented an upward revision in the growth rate of a tenth of a percentage point.

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