so we annualize it using the following formula: g₍annual₎ = (1 + g₍quarterly₎)⁴ – 1 Image source: The Motley Fool. The annual rate is equivalent to the growth rate over a year if GDP ...

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GDP declined by 0.3% in the first quarter of 2025.

President Donald Trump said on Wednesday that Q1 GDP rose 3% in Q1, when excluding imports, contending that he has turned the economy around since he took office.