4 ms·
> GDP in the United States is currently growing strongly Last quarter was -1.4% growth, so probably not growing strongly (but who knows, maybe just a blip...)
by mehrdada 4y ago
> GDP in the United States is currently growing strongly
Last quarter was -1.4% growth, so probably not growing strongly (but who knows, maybe just a blip...)
https://www.wsj.com/articles/us-economy-gdp-growth-q1-11651108351 https://www.wsj.com/articles/us-economy-gdp-growth-q1-116511...
- jeffbee 4y agoAnd Q2 is anticipated to be +2.1%, based on late-Q2 analyses. One quarter of stochastic sign change does not get you a recession. A more pessimistic view gives +1% for Q2: https://www.atlantafed.org/-/media/documents/cqer/researchcq/gdpnow/RealGDPTrackingSlides.pdf https://www.atlantafed.org/-/media/documents/cqer/researchcq...
- justinzollars 4y agoAtlanta FED GDPNow recently downgraded expectations: https://www.atlantafed.org/cqer/research/gdpnow https://www.atlantafed.org/cqer/research/gdpnow This is typically an accurate measure.
- jeffbee 4y agoSure. And if GDP goes negative, and if employment falls etc etc then people will start saying recession. I was just trying to answer the GPs question, not predict whether or not this is a recession! By the way the official declaration by the U.S. bureaucracies of the onset of a recession typically lags the actual onset by a year or so.