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  • Gross Domestic Product, First Quarter 2023 (Advance Estimate)

    From bea.gov Story is in PDF Format

    Real gross domestic product (GDP) increased at an annual rate of 1.1 percent in the first quarter of 2023 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.6 percent. The increase in real GDP reflected increases in consumer spending, exports, federal government spending, state and local government spending, and nonresidential fixed investment that were partly offset by decreases in private inventory investment and residential fixed investment. Imports, which are a subtraction in the calculation of GDP, increased (table 2). The ... (full story)

Added at 8:38am

  • Economy grew 1.1% in first quarter but a recession could begin soon as high rates bite

    From usatoday.com

    The economy grew modestly early this year and that’s probably as good as it gets. Warm winter weather juiced consumer spending, partly offsetting declines in business stockpiling and housing. The dynamic provided the economy a reprieve but most forecasters expect a mild recession to begin as soon as the current quarter. The nation’s gross domestic product, the value of all goods and services produced in the U.S., expanded at a seasonally adjusted annual rate of 1.1% in the first quarter, the Commerce Department said Thursday. Economists surveyed by Bloomberg had forecast a 2% rise in output.

wow, GDP down, last year still postive at Q1.
GDP down means the overall economy down
Stagflation back on the table
good... USD will comeback strong
Probability Win = 20% Lose = 80%
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