U.S. GDP Data Deconstructed

July 28, 2022

As some had speculated, the first estimate of U.S. GDP in the second quarter posted a second consecutive quarter-on-quarter decline, this time of 0.9% after a 1.6% slide in the first quarter. If this had been accompanied by falling employment, which emphatically has not been the case, it would be a strong signal that the […] More