26 May 2023
It shrunk 2.3% SAAR in Q1 after a 3.3% Q4 contraction. Averaging it out with GDP, the economy has contracted for back-to-back quarters and in 4 of the past 5! The recession has arrived and nobody’s noticed.
It shrunk 2.3% SAAR in Q1 after a 3.3% Q4 contraction. Averaging it out with GDP, the economy has contracted for back-to-back quarters and in 4 of the past 5! The recession has arrived and nobody’s noticed.
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