The GDP report for the first quarter of 2022 came out last week. The common reaction to the report was negative, as most focused on the -1.4% yearly pace decline in estimated real GDP. I will argue, from the standpoint of seeking economic stability, and conditional on the information we had before the report, that the report was in fact a moderately positive release.
US GDP growth is still too strong
US GDP growth is still too strong
US GDP growth is still too strong
The GDP report for the first quarter of 2022 came out last week. The common reaction to the report was negative, as most focused on the -1.4% yearly pace decline in estimated real GDP. I will argue, from the standpoint of seeking economic stability, and conditional on the information we had before the report, that the report was in fact a moderately positive release.