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Wednesday, March 4, 2026

How the economy went from a 3% annual growth rate to the brink of recession just two days later

For a brief, shining moment last week, it seemed as if the U.S. economy had dodged a tariff-powered bullet. Gross domestic product grew at an annual rate of 3%, the government announced Wednesday, rather higher than the 2.3% projected by economists. “WAY BETTER THAN EXPECTED!” President Trump crowed …

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