Just a reminder, since a lot of news outlets get it wrong: imports have no effect on GDP. Imports are excluded from the GDP calculation. GDP is attempting to measure Domestic consumption.
Just a reminder, since a lot of news outlets get it wrong: imports have no effect on GDP. Imports are excluded from the GDP calculation. GDP is attempting to measure Domestic consumption.
This is ALL related to companies front loading imports because of the impending tariffs.
They can examine it six ways to Sunday and release a million more updates and it is not going to change.
The critical metrics will be the second and third quarter performance. The second quarter will start to see a drop in imports and the infusion of the Q1 imports into products and inventory. The third quarter should show the impact on domestic production.
It will be Christmas before we get a good picture.
Of course, all of the Nancys in the world will be wringing their hands for the next six months.
here we go, via an actual economist, conservative economist Brian Wesbury. Ex-felon Armstrong is the proverbial broken clock.
In other news this morning, the advance report on trade and inventories signaled a huge reduction in the trade deficit in April, which should boost second-quarter real GDP growth, offsetting the slight drop in real GDP in Q1.
‘Rearview mirror’ Powell just learned core inflation has hit its lowest level in 4 years.
Why do you keep posting rankings of a guy who hates the US.
If GDP contracted then it is even worse on a per capita basis. The USA is still growing.