Heterodox
Q4 2022 GDP positive, but both long leading components continue negative – by New Deal democrat Here’s my last note for this morning. Real Q4 GDP came in at +0.7%, or +2.8% annualized. While this is lower than most quarters in the past several years, as shown below: Although not shown (due to the huge pandemic swings), it would have been slightly above average for any quarter in the 10 years that predated the pandemic. But as usual,...
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