US GDP unexpectedly contracted at a 1.4% annualized rate in Q1

[Toddsterpatriot]

U.S. economic activity unexpectedly contracted for the first time since the second quarter of 2020 in the first three months of 2022, with lingering supply chain constraints, inflation, and disruptions amid Russia's war in Ukraine weighing on growth.

The Bureau of Economic Analysis (BEA) released its initial estimate of first-quarter U.S. gross domestic product (GDP) Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• GDP annualized, quarter-over-quarter: -1.4% vs. 1.0% expected, 6.9% in Q4
• Personal Consumption: 2.7% vs. 3.5% expected, 2.5% in Q4
• Core Personal Consumption Expenditures, quarter-over-quarter: 5.2% vs. 5.5% expected, 5.0% in Q4

US GDP unexpectedly contracted at a 1.4% annualized rate in Q1

U.S. economic activity likely decelerated to the slowest rate since mid-2020, with lingering supply chain constraints, inflation and disruptions amid Russia's war in Ukraine each weighing on growth.

finance.yahoo.com

So much for sleepy Joe's awesome handling of our economy.
Is this the beginning of stagflation? Last month CPI came in at 8.5% for the previous 12 months.
Now, falling GDP. Looking worse for the Dem's mid-term hopes. Very sad........

 

[Meister]

Hear we go, we are now on Mr. Toad's wild ride.
Thank you, Brandon.

 

[Polishprince]

Brandon wants a declining economy, creates more of a market for Big Government intervention. The D's hate it when people can take care of their own student loans or medical bills- it really hurts their efforts to "provide for" the people and can make a claim on their vote in exchange.

 

[1srelluc]

Hear we go, we are now on Mr. Toad's wild ride.
Thank you, Brandon.

 

[Oddball]

"unexpeeeeectedly"

 

[JGalt]

"Unexpectedly" ???

If someone didn't expect to see the economy shrinking under these bonehead Democrats, they're living in a van down by the river.

Even this guy could have seen it coming from a mile away...

 

[1srelluc]

Damn, looks like we might hit a full-blown recession sooner than I expected.....I figured Q1 in 2023.

 

[Indeependent]

CityGator’s rebuttal will be right after Station Identification.

 

[Turtlesoup]

U.S. economic activity unexpectedly contracted for the first time since the second quarter of 2020 in the first three months of 2022, with lingering supply chain constraints, inflation, and disruptions amid Russia's war in Ukraine weighing on growth.

The Bureau of Economic Analysis (BEA) released its initial estimate of first-quarter U.S. gross domestic product (GDP) Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• GDP annualized, quarter-over-quarter: -1.4% vs. 1.0% expected, 6.9% in Q4
• Personal Consumption: 2.7% vs. 3.5% expected, 2.5% in Q4
• Core Personal Consumption Expenditures, quarter-over-quarter: 5.2% vs. 5.5% expected, 5.0% in Q4

US GDP unexpectedly contracted at a 1.4% annualized rate in Q1

U.S. economic activity likely decelerated to the slowest rate since mid-2020, with lingering supply chain constraints, inflation and disruptions amid Russia's war in Ukraine each weighing on growth.

finance.yahoo.com

So much for sleepy Joe's awesome handling of our economy.
Is this the beginning of stagflation? Last month CPI came in at 8.5% for the previous 12 months.
Now, falling GDP. Looking worse for the Dem's mid-term hopes. Very sad........

We are in a recession and we don't know it yet.
And We are in WW3 and we also don't know it yet either.
Thanks dems---

 

[DarthTrader]

We are in a recession and we don't know it yet.
And We are in WW3 and we also don't know it yet either.
Thanks dems---

I've been saying we are in a recession since I got to this forum. But todsterpatriot fucking acts like we aren't

 

[Toddsterpatriot]

I've been saying we are in a recession since I got to this forum. But todsterpatriot fucking acts like we aren't

Russia is definitely in a recession, comrade.

 

[Flash]

Biden's post pandemic recovery is piss poor. Just like everything else.

If the Democrats had not stolen the election and Trump was in office the economy would be booming now.

 

[Flash]

 

[task0778]

The Fed is expected to raise interest rates several times this year, and that ain't going to help the economy. Biden said today that he isn't worried about a recession, which is 2 consecutive qtrs of a decline in growth. I think he oughta be, if we have another contraction in the 2nd qtr of this year then his party is kinda in deep kimche.

 

[Indeependent]

The Fed is expected to raise interest rates several times this year, and that ain't going to help the economy. Biden said today that he isn't worried about a recession, which is 2 consecutive qtrs of a decline in growth. I think he oughta be, if we have another contraction in the 2nd qtr of this year then his party is kinda in deep kimche.

Why would Biden worry about a recession?
He's loaded.

 

[task0778]

Why would Biden worry about a recession?
He's loaded.

True, unreported loot from Hunter's dealings, or so I've heard. His party is already looking like crap and if there's a recession then they're looking at an epic butt-kicking in November and that means he ain't gonna get nothing that he wants from Congress.

 

[Weatherman2020]

U.S. economic activity unexpectedly contracted for the first time since the second quarter of 2020 in the first three months of 2022, with lingering supply chain constraints, inflation, and disruptions amid Russia's war in Ukraine weighing on growth.

The Bureau of Economic Analysis (BEA) released its initial estimate of first-quarter U.S. gross domestic product (GDP) Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg:

• GDP annualized, quarter-over-quarter: -1.4% vs. 1.0% expected, 6.9% in Q4
• Personal Consumption: 2.7% vs. 3.5% expected, 2.5% in Q4
• Core Personal Consumption Expenditures, quarter-over-quarter: 5.2% vs. 5.5% expected, 5.0% in Q4

US GDP unexpectedly contracted at a 1.4% annualized rate in Q1

U.S. economic activity likely decelerated to the slowest rate since mid-2020, with lingering supply chain constraints, inflation and disruptions amid Russia's war in Ukraine each weighing on growth.

finance.yahoo.com

So much for sleepy Joe's awesome handling of our economy.
Is this the beginning of stagflation? Last month CPI came in at 8.5% for the previous 12 months.
Now, falling GDP. Looking worse for the Dem's mid-term hopes. Very sad........

Build back better in full motion!

 

[DarthTrader]

Russia is definitely in a recession, comrade.

Really? Because Russia doesn't notice. They are making more money than they have ever made. Q1 saw a 2x increase on exports which is their main economic engine. They don't really import much of anything. So if they are making 2x more money, HOW are they in a recession? Did the fruit stand in Rostov on Don go out of business because of sanctions? LOLOL. no

 

[Toddsterpatriot]

Really? Because Russia doesn't notice.

Putin doesn't notice.

They are making more money than they have ever made.

Keep telling yourself that.

 

[DarthTrader]

Putin doesn't notice.

They are making more money than they have ever made.

Keep telling yourself that.

I don't have to tell myself that. Economic statistics say it LOLOLOL