Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected

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  • 28 Apr '22 at 7:30 am #36040
    Helmholtz Watson
    Participant

    The US economy had the first contraction since early in the pandemic shrining 1.4% in the first quarter after it was expected to grow 1.1%. The declin
    [See the full post at: Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected]

    28 Apr '22 at 8:02 am #36043
    CautiousInvestor
    Keymaster

    Ohhhhhh the humanity … The “Putin GAS hike” might have more bearing on things than even FOMC aggressive interest policies of 50 BPS on May 4th? the big question is whether this is a “ONE OFF” quarter or are we moving to possible Recession/Stagflation cycle?

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