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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: ClearCase_guy
This is because, in a world where inflation is increasing, people will spend more money because they know that it will be less valuable in the future. This causes further increases in GDP in the short term, bringing about further price increases.
High inflation can make investments less desirable, since it creates uncertainty for the future and it can also affect the balance of payments, because exports become more expensive. As a result, GDP is decreased further. So it appears that GDP is negatively related to inflation.
41
posted on
04/28/2022 4:20:14 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
Gee whiz, I blew right past that one. My bad.
42
posted on
04/28/2022 4:22:44 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
Stolen elections have consequences.
43
posted on
04/29/2022 4:12:44 AM PDT
by
Eleutheria5
(January 6, worst assault on democracy since the Reichstag Fire)
To: Eleutheria5
America’s getting what America voted for.
44
posted on
04/29/2022 5:38:42 AM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Doc91678
45
posted on
04/29/2022 7:17:21 AM PDT
by
Vaduz
( )
To: carriage_hill
“We’re in the dumper, circling the bowl... “
A contracting economy with price inflation and shortages.
It’s hard to imagine a worse scenario.
46
posted on
04/29/2022 7:38:51 AM PDT
by
Mariner
(War Criminal #18)
To: Mariner
Unless we get sucked into the Russia-Ukraine War, even deeper than we are now.
47
posted on
04/29/2022 7:53:32 AM 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
Flush!!!! Down, down, down to the septic tank.
48
posted on
04/30/2022 1:01:19 PM PDT
by
RetiredArmy
(Free Will. GOD gives you the choice I accept or reject Him! Choose Him. It depends on you.)
To: frogjerk
>>So are we in a recession or not?<<
My understanding is 3 quarters of negative growth constitutes a recession. Could be wrong, seems thats what I read many moons ago.
To: carriage_hill
Could be worse. Trump could still be calling SJWs fat pigs on Twitter.
50
posted on
05/01/2022 10:56:39 AM PDT
by
JamesP81
(The Democrat Party is a criminal organization.)
To: JamesP81
I wish he and his tweets were back...
51
posted on
05/01/2022 1:23:57 PM PDT
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: ClearCase_guy
So GDP would go up? Not in a good way, because inflation is bad.
There are several ways to measure GDP. "Real GDP" adjusts for inflation, and we are probably looking at that.
52
posted on
05/02/2022 4:36:04 PM PDT
by
Dr. Sivana
(“...we would live very well without Facebook."-B.LeMaire)
To: Mariner
Toss in some race riots just for grins.
L
53
posted on
05/02/2022 4:46:10 PM PDT
by
Lurker
(Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
To: servantboy777
2 quarters of negative downtown in 2 of the 3 economic indicators is a recession. 3 quarters of negative downturn in 2 of the 3 economic indicators is a depression.
54
posted on
05/03/2022 8:23:50 PM PDT
by
political1
(Love your neighbors)
To: political1
Yep...you’re correct. Not three, but two with accompanying economic indicators lookin crappy.
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