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Gdp NOW MINUS 1.5%. Recession!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 83791329:MV81MTg1MDczXzk1MzIxNTA3XzRCMDFDQTg=] [quote:Anonymous Coward 27361642:MV81MTg1MDczXzk1MzE3NTYzXzM3NEM1QTNC] More Democrat created trickle-up poverty headed your way. Enjoy. [/quote] Left/Right nonsense. The entire government has played the public for decades. Gave you all glasses with different colors and animals on them. Let you all think you had a choice. When in reality they gave you the options to select from. Pick a side. [/quote]
Original Message
Latest estimate: -1.5 percent — July 15, 2022
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.5 percent on July 15, down from -1.2 percent on July 8. After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal Reserve Board of Governors, and the US Department of the Treasury's Bureau of the Fiscal Service, the nowcast of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.9 percent and -13.7 percent, respectively, to 1.5 percent and -13.8 percent, respectively.
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