**🚨 U.S. GDP Decline: Key Insights 🚨**
📊 **Overview**
U.S. Treasury Secretary Besant attributes the recent GDP contraction to an accumulation of imported goods in inventory. This has led to a recorded annualized quarterly rate of **-0.3%** for Q1, marking the lowest point since Q2 2022.
📈 **Highlights**
- **Expected vs Actual**: GDP fell short of the anticipated **0.3%**, reflecting economic challenges.
- **Previous Value**: The decline contrasts sharply with the previous quarter's **2.40% growth**.
- **Revision Anticipated**: GDP figures are likely to undergo adjustments as more data becomes available.
💡 **Impact**
This downturn underscores the complexities of trade and inventory management, with potential implications for future economic strategies.