GDP NOW MINUS 1.5%. Recession!
Latest estimate: -1.5 percent — July 15, 2022 The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.5 percent on July 15, down from -1.2 percent on July 8. After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal … Read more