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| Economy |
| GDP 1st Q 2023 (advanced estimate) up only 1.1% (annualized) |
| 2023-04-27 |
| Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023, according to the "advance" estimate. In the fourth quarter of 2022, real GDP increased 2.6 percent. The increase in the first quarter primarily reflected an increase in consumer spending that was partly offset by a decrease in inventory investment. -------------- next two quarters look pretty dicey; good chance for negative numbers |
| Posted by:lord garth |
| #4 Stagflation.....or Stag Party, ammmirite Brandon! Woooooooo! This is the over optimistic high number they always release and re-adjust down a month later on a Saturday morning. |
| Posted by: swksvolFF 2023-04-27 18:08 |
| #3 the 1.1% annualized increase is after adjustment for inflation (using BLS inflation numbers). it is not population adjusted so if you assume an increase in population of, say 0.6% annualized, the increase is cut in half or you could adjust it for the number of people in the labor force which is about 1.5% over the past year (ignoring the people in the labor force who have no intention of working) which would make the GDP/labor force number negative lots of ways to adjust |
| Posted by: lord garth 2023-04-27 12:58 |
| #2 Wondering out loud what the number would be |
| Posted by: NoMoreBS 2023-04-27 11:34 |
| #1 Wondering out loud what the number would be without inflation. |
| Posted by: Angstrom 2023-04-27 10:51 |