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A project of Common Dreams

For Immediate Release

After Just Three Months of Trump, Economy Grinds to a Halt

Economic indicators flashing red as Gross Domestic Product turns negative

New data released today found that real gross domestic product (GDP) decreased by 0.3% in the first quarter of 2025, below expectations. This is the lowest and first negative GDP reading since the second quarter of 2022. Groundwork Executive Director Lindsay Owens released the following statement:

“Our economy is crumbling under President Trump’s mismanagement, and today’s falling GDP data confirms our slide toward a recession. As growth grinds to a halt, Americans can expect fewer jobs, lower wages, and a worse standard of living. Between slow growth and sticky inflation, Trump is creating the conditions for a particularly brutal recession.”

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.