US GDP shrinks for the first time in three years

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• 00:00

  This BBC podcast is supported by ads outside the UK.

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  This is the 26th edition of Épée's Nouveau En Fête.

• 00:10

  This Saturday, May 3rd.

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  The winners of Épée's invite you to discover and try the fabulous year of 2024.

• 00:18

  Experience an unforgettable day in the heart of the village of Épée's.

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  With musical entertainment,

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  walks through the Weiberg and continue to celebrate with music at the Afterbar.

• 00:28

  You can find more information at épée-nouveau.ch in collaboration with Railway SBB.

• 00:37

  This is Andrew Peach with World Business Report.

• 00:40

  Today, the US economy contracts during President Trump's first months in office.

• 00:44

  GDP fell by 0.3%, Mr Trump blaming Joe Biden.

• 00:50

  China blames US tariffs for falls in its manufacturing figures.

• 00:54

  There are more positive numbers in Europe, though.

• 00:56

  Also in the programme,

• 00:58

  I'll talk to the UN Assistant Secretary General about Afghanistan's economy under Taliban rule.

• 01:03

  And we'll hear why a fall in demand for diamonds is damaging Botswana.

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  Diamonds are absolutely fundamental to the economy of Botswana,

• 01:12

  with up to 50% of government revenue coming from diamond income.

• 01:17

  First,

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  US growth figures out in the last couple of hours show the first contraction in the economy in three years.

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