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GDP looked great for the U.S. economy, but it really wasn't

Por: MarketWatch Politics October 27, 2022

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Gross domestic product, the official scorecard of sorts for the economy, is a report whose headline number is often more or less than its parts. Take the third quarter this year. p — well above the roughly 2% level seen as the economy’s optimal long-run growth rate. Good news to be sure, especially after the economy contracted in the first six months of 2022. GDP shrank at a 0.6% pace in the second quarter and 1.6% in the first quarter,... + full article



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