Why the U.S. economy shrank
https://www.washingtonpost.com/business/2022/04/29/why-gdp-economy-shrank/
https://www.washingtonpost.com/business/2022/04/29/why-gdp-economy-shrank/
U.S. Economy Shrank in First Quarter, but
Underlying Measures Were Solid
https://www.nytimes.com/2022/04/28/business/economy/us-gdp-q1-2022.html
https://www.nytimes.com/2022/04/28/business/economy/us-gdp-q1-2022.html
U.S. Economy Posts Surprise Contraction, Belying
Solid Consumer
https://www.bloomberg.com/news/articles/2022-04-28/u-s-economy-contracted-in-first-quarter-on-surge-in-trade-gap
The U.S. economy unexpectedly shrank last quarter, the first contraction since 2020, as a ballooning trade deficit and softer inventory growth belied an otherwise solid consumer and business demand picture.
Gross domestic product fell at a 1.4% annualized rate after a 6.9% pace of growth at the end of 2021, the Commerce Department’s preliminary estimate showed Thursday. The median forecast in a Bloomberg survey of economists was for a 1% increase.
https://www.bloomberg.com/news/articles/2022-04-28/u-s-economy-contracted-in-first-quarter-on-surge-in-trade-gap
The U.S. economy unexpectedly shrank last quarter, the first contraction since 2020, as a ballooning trade deficit and softer inventory growth belied an otherwise solid consumer and business demand picture.
Gross domestic product fell at a 1.4% annualized rate after a 6.9% pace of growth at the end of 2021, the Commerce Department’s preliminary estimate showed Thursday. The median forecast in a Bloomberg survey of economists was for a 1% increase.
Advance Estimate Indicates that the US GDP Shrank
in 2022Q1
https://www.bea.gov/news/2022/gross-domestic-product-first-quarter-2022-advance-estimate
https://www.bea.gov/news/2022/gross-domestic-product-first-quarter-2022-advance-estimate
