Federal Reserve bank is now projecting that the US economy will shrink by 2.8% during the first quarter of 2025. This is a major decline from when President Biden left office, when the economy was projected to grow by 3%. - ThreadSky

onestpress.bsky.social • 2 days ago

Federal Reserve bank is now projecting that the US economy will shrink by 2.8% during the first quarter of 2025.

This is a major decline from when President Biden left office, when the economy was projected to grow by 3%.

Comments

dcvet.bsky.social•2 days ago

We’ve survived recessions before, I have a feeling this will be much worse.

tonnyyyy.bsky.social•2 days ago

Good, really good. Americans will pay for their stupid president.

And wait when we will cut Oil, gaz, electricity!

altermann99.bsky.social•2 days ago

#TrumpRecession

tba522.bsky.social•2 days ago

I am finding that people are spending money on high ticket items and like covid they are starting to make a run on toilet paper.

skyfog.bsky.social•2 days ago

I don’t understand. Why don’t they use their IRS mail?

tba522.bsky.social•2 days ago

I don’t know what you mean by IRS mail?

w4abduction.bsky.social•2 days ago

It's also a recipe for controlling the population. Uneducated, hungry, tired, homeless people don't hold much power or threat.

Trump & Co are definitely trying to break us and loot America.

brookshoffos.me•2 days ago

A 2.8% contraction is a red flag, if it continues, we’re in a recession. Prolonged downturns, rising unemployment, and reduced spending could push us toward a depression. The economy is fragile, without action, a downward spiral could deepen fast.

labelsoren.bsky.social•2 days ago

I want to personally thank all the pollsters that gave an outsized voice to every malcontent that took issue with Biden's economy.

fanciestofcats.bsky.social•2 days ago

Pollsters are the one group that should lose their jobs. Completely worthless

teemack.bsky.social•1 day ago

Woah 😮

drdropc.bsky.social•2 days ago

Understated

alisonkcarter.bsky.social•2 days ago

The trump economy. Congrats to the 49% of America that voted for the imbecile.

fanciestofcats.bsky.social•2 days ago

And his cult thinks this is God’s plan to save Americans

rogeralien.bsky.social•2 days ago

They’ll all just keep repeating about Trump building the greatest economy the earth had ever seen - MAGA will buy it as they get poorer, Biden will get the blame for all the agent orange destroys

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