US GDP unexpectedly contracted at a 1.4% annualized rate in Q1

Yahoo ^ | 04/28/2022 | Emily McCormick

[Houserino]

Scroll back up to restore default view. Yahoo Finance US GDP unexpectedly contracted at a 1.4% annualized rate in Q1 Emily McCormick Emily McCormick·Reporter Thu, April 28, 2022, 8:31 AM·3 min read In this article:

^GSPC +0.21%

YM=F +0.76%

^DJI +0.19%

SPY +0.28%

ES=F +1.32%

^IXIC -0.01%

U.S. economic activity unexpectedly contracted in the first three months of 2022 with lingering supply chain constraints, inflation, and disruptions amid Russia's war in Ukraine weighing on growth.

The Bureau of Economic Analysis (BEA) released its initial estimate of first-quarter U.S. gross domestic product (GDP) Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

GDP annualized, quarter-over-quarter: -1.4% vs. 1.0% expected, 6.9% in Q4

[Houserino]

Look out below stock market. Love 'unexpectedly' too.

[EEGator]

Take that Russia!

[blackdog]

It’s transitional and equity justice.

[Psalm 73]

:...US GDP unexpectedly contracted at a 1.4% annualized rate in Q1..."

Who the hell didn't see this coming?

[JonPreston]

The Putin contraction.

[mewzilla]

Unexpectedly...

🤣🤣🤣🤣🤣

[blackdog]

Modern Money Theory working out nicely, eh?

[mewzilla]

And the 1.4% is likely a crock, too.

[TheConservator]

Let the great Democrat Depression of 2022 begin!

[JerseyDvl]

Here comes the recession.

[1Old Pro]

Look out below stock market.

The market lost 8% year to date, it anticipates these things. It will go lower, as Trump said Brandan will tank our 401ks.

[mewzilla]

Get a load of this laff fest...

https://www.livemint.com/economy/us-gdp-contracts-in-first-quarter-raising-fears-of-a-recession-11651149390572.html

“...The median forecast in a Bloomberg survey of economists was for a 1% increase.”

Okaaaaay....

[KarlInOhio]

It’s probably worse. Real growth is nominal growth minus inflation. Since they are almost certainly understating inflation, the real shrinkage in the economy is more than stated.

[mewzilla]

Well, if Deep State can’t confiscate it, it’ll render what it can’t take worthless.

Deep State can’t leave people with money, can it...

[sanjuanbob]

Sorry for a dumb sounding question, but whose numbers are these? Who was the final signer of their release? What committee and who is on it?

[JonPreston]

GDPutin

[logi_cal869]

“and disruptions amid Russia’s war in Ukraine weighing on growth.”

---

It is clear it’s an election year.

Utter BS.

[teevolt]

And the GDP price index was up 8. Not easy to contract the non-inflation adjusted headline GDP at the same time prices are rising, but Joe pulled it off! To be a little fair, I’m sure the end of Stimmy checks made at least a slowdown inevitable at some point, but no doubt Joe made it worse.

[1Old Pro]

GDPutin

More like Bidenflation.

[ClearCase_guy]

Bush’s fault.