Unfavourable Q3 of GDP is now extremely doubtless – Mish Discuss

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Please think about the most recent GDPNow estimate for Q3 2022 GDP.

The GDPNow mannequin estimates actual GDP development (a seasonally adjusted annual charge) for the third quarter of 2022 at 1.6 p.c on 17 August, up from 1.8 p.c on 16 August. Following this morning’s retail gross sales report from the U.S. Census Bureau, actual private consumption spending development within the third quarter declined to 2.4 p.c from 2.7 p.c.

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