HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Q1 GDP slides negative......

Thu Apr 28, 2022, 11:13 AM

Q1 GDP slides negative... will a Q2 rally keep the US out of recession for the election season?



https://abcnews.go.com/US/wireStory/us-economy-shrank-14-q1-consumers-spending-84367864

WASHINGTON -- The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability.

The economy's overall decline in the January-March quarter does not mean a recession is likely in the coming months. Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth.

Instead, the steady spending by households and companies suggests that the economy will likely keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge. The first quarter was hampered mainly by a slower restocking of goods in stores and warehouses and by a sharp drop in exports.

4 replies, 474 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 4 replies Author Time Post
Reply Q1 GDP slides negative... will a Q2 rally keep the US out of recession for the election season? (Original post)
WarGamer Apr 2022 OP
doc03 Apr 2022 #1
WarGamer Apr 2022 #2
uponit7771 Apr 2022 #3
roamer65 Apr 2022 #4

Response to WarGamer (Original post)

Thu Apr 28, 2022, 11:28 AM

1. Two quarters is a recession. That is the only

way to kill inflation.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to doc03 (Reply #1)

Thu Apr 28, 2022, 07:28 PM

2. What a choice... recession or $10 loaf of bread.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WarGamer (Original post)

Thu Apr 28, 2022, 07:30 PM

3. Americans care more about UE/LFPR/wages/inflation more than GDP. There's no doubt a disconnect ...

... in those numbers and how well off Americans feel they are.

It doesn't look like its the economy any longer

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WarGamer (Original post)

Thu Apr 28, 2022, 07:35 PM

4. Stagflation.

Itís a 1970ís redux.

Disco will never die!

🕺🏻

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread