2: The GDP Drop Isn’t the Real Warning Sign

The U.S. economy shrank by 0.3% in the first quarter of 2025, ending nearly three years of steady growth. John Diamond breaks down the latest GDP report and explains why the headline negative number isn’t the most important story — and what warning signals we should really be paying attention to. This conversation was recorded on April 30, 2025. You can follow @BakerInstitute on X, Instagram, LinkedIn, and YouTube, and learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.