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US GDP unexpectedly contracted at a 1.4% annualized rate in Q1
Yahoo ^ | 04/28/2022 | Emily McCormick

Posted on 04/28/2022 5:40:29 AM PDT by 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

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: contracted; gdp; unexpectedly
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To: Houserino

I don’t see a housing crash in the near future. Ironically, high inflation rates will help prop up the real estate market because the cost of renting is escalating, too.


41 posted on 04/28/2022 8:14:01 AM PDT by Alberta's Child ("Mr. Potato Head ... Mr. Potato Head! Back doors are not secrets.")
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To: Houserino

-1.4%


42 posted on 04/28/2022 8:27:14 AM PDT by cranked
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To: Houserino
GDP INCLUDES government spending. FEDGOV has slowed spending (as have locals and states) on Covid. I wonder what the actual economy looked like without the heavy wallet of government.


43 posted on 04/28/2022 8:33:45 AM PDT by Sgt_Schultze (When your business model depends on slave labor, you're always going to need more slaves)
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To: mewzilla

It is also transitory. They will say.


44 posted on 04/28/2022 8:50:19 AM PDT by phormer phrog phlyer
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To: Houserino

“unexpectedly” that’s rich!


45 posted on 04/28/2022 10:17:55 AM PDT by jmaroneps37
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