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Negative GDP growth in USA Jan-Mar 2022 quarter
[CNBC] Gross domestic product unexpectedly declined 1.4% in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.The negative growth rate missed even the subdued Dow Jones estimate of a 1% gain for the quarter. A plethora of factors conspired to weigh against growth during the first three months of 2022, which fell off a cliff following the 6.9% gain to close out last year. Related: Gross domestic product: 2018-12-19 Argentina in recession as economy shrinks again Gross domestic product: 2018-07-28 Second-quarter GDP jumps 4.1% for best pace in nearly four years Gross domestic product: 2017-11-05 Don Surber: Trump's economic hurricane Posted by: Lord Garth 2022-04-28 |
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