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> two quarters of contracting GDP Another unusual thing is that even though real GDP is down, nominal GDP is still going up: https://fred.stlouisfed.org/series
by neuronexmachina 4y ago
> two quarters of contracting GDP
Another unusual thing is that even though real GDP is down, nominal GDP is still going up: https://fred.stlouisfed.org/series/GDP https://fred.stlouisfed.org/series/GDP
I suspect that if gas prices had started coming down earlier it would've brought inflation down enough that real GDP for Q2 would've been slightly positive.