Economics

Things are now sinking fast. Bookmark this cast because we will come back to it in July when negative GDP growth numbers for Q2 are out.

I previously said during January/February that there was a 50/50 chance the private sector was contracting in Q1. Turns out it was indeed contracting. Come July if Q2 numbers come out and indicate another contraction then the classic definition of a recession will have been met.

I previously said during January/February that there was a 50/50 chance the private sector was contracting in Q1. Turns out it was indeed contracting. Come July if Q2 numbers come out and indicate another contraction then the classic definition of a recession will have been met.

https://finance.yahoo.com/news/us-economy-contracts-at-03-rate-in-q1-first-pullback-in-three-years-123544165.html

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