Revised GDP Figures Reveal Less Contraction Than Expected

The US economy experienced less contraction in the first quarter than initially reported. According to revised data, these factors contributed to the decrease:

Increased imports reduced consumer spending.
Government spending declined.
However, investment increased and exports rose to offset the impact of slowing consumption and government spending.

Source: https://www.barrons.com/articles/us-gdp-economic-growth-report-tariffs-e2b14f5b