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US economy shrank by 1.4% as inflation takes toll on GDP.
NY Post ^
| 4.28.2022
| Ariel Zilber
Posted on 04/28/2022 9:19:37 AM PDT by Carriage Hill
The US economy contracted by 1.4% in the most recent quarter, shrinking for the first time since the pandemic-induced recession two years ago as inflation continues to surge, according to government data released on Thursday. The Commerce Department’s estimate Thursday of the first quarter’s gross domestic product — the nation’s total output of goods and services — fell far below the 6.9% annual growth in the fourth quarter of 2021.
(Excerpt) Read more at nypost.com ...
TOPICS: Breaking News; Business/Economy; Culture/Society; News/Current Events
KEYWORDS: 1morethreadkaren; 1moretime; bartiromo; bideneffect; bidenvoters; economy; gdp; inflation; negative; sidebarabuse; threadkarenabuse; toilet
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To: carriage_hill
So what happened? High inflation but our economy went down?
To: KarlInOhio
Thanks for answering my question in # 21.
To: Vaduz
“It's the Economy Stupid”.
We can thank Joey Xi Bai Dung and his decisions.
23
posted on
04/28/2022 10:08:04 AM PDT
by
Doc91678
(Doc91678)
To: frogjerk
I believe the arbitrary “rule” is two consecutive quarters of contraction, to rule out outliers.
24
posted on
04/28/2022 10:08:50 AM PDT
by
fwdude
(Every time I see someone voluntarily masked in public, I know I'm looking at a vaccinated person.)
To: MinorityRepublican
25
posted on
04/28/2022 10:22:16 AM PDT
by
Freedumb
To: fwdude
Our 2nd quarter could tank like it was 2Q 1932, but there is no way the govt/deep state will allow those numbers to be published.
26
posted on
04/28/2022 10:47:14 AM PDT
by
xkaydet65
( )
To: carriage_hill
988 days to go, FRiends! Nine Hundred and Eighty-Eight!
And every DAY a new way to hobble Americans from our Commie pals in the White House. *SPIT*
27
posted on
04/28/2022 11:07:59 AM PDT
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: carriage_hill
We are headed into a recession. They were expecting 1.1% growth so this number represents a 2.5% turnaround.
To: FlipWilson
29
posted on
04/28/2022 2:03:40 PM PDT
by
fhayek
To: ClearCase_guy
It’s called stagflation.
We had it in the 70’s. Japan had it for about 20 years if my memory serves.
It’s a real s**t sandwich. Not politically survivable…unless you can cheat.
To: Scott from the Left Coast
Amazing what 2 years of Democrats can do.
To: SmokingJoe
Despite what Putler’s fanbase thinks, this isn’t anything to do with Russia. It’s fully due to the Leftist policies of Joe and his handlers.
32
posted on
04/28/2022 3:30:51 PM PDT
by
Vaden
(CAUTION: Defending Putin=Defending Hitler=MAGA Destruction)
To: Brilliant
So true.
The fall won’t kill us; but the sudden stop at the end, will.
33
posted on
04/28/2022 4:04:05 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Diana in Wisconsin
“...our Commie pals in the White House. *SPIT*”
Ditto!
34
posted on
04/28/2022 4:04:56 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Sam Gamgee
To: MinorityRepublican
36
posted on
04/28/2022 4:05:25 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: cranked
I don’t remember a negative growth number, recently.
Do you remember the last time we had one?
37
posted on
04/28/2022 4:06:27 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Tai_Chung
38
posted on
04/28/2022 4:08:25 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Flick Lives
I love a good dumpster fire.
39
posted on
04/28/2022 4:09:04 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: carriage_hill
Some time in 2020 according to Maria.
40
posted on
04/28/2022 4:11:50 PM PDT
by
cranked
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