Story perspectives
Record Trade Deficit Raises Concerns for Q1 Growth
3/4/2025
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Story summary
- The U.S. trade deficit hit a record high, influencing Q1 growth forecasts.
- Goldman Sachs attributed the increase primarily to rising gold imports, beyond tariff stockpiling.
- Q1 GDP estimates were revised to +1.6%, with annual growth projected at 2.2%.
- Economists voiced concerns that the trade imbalance may hinder economic growth in early 2025.
