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Reply Hazy. Try Again Later
The US economy grew more briskly than expected in the final three months of 2022, according to the first read on Q4 GDP.
The 2.9% pace marked a slight deceleration from the final read on third quarter growth, but topped the 2.6% economists expected. The range of estimates, from 73 credentialed seers, was 1.2% to 3.9%.
As a quick aside on the six-dozen estimates for today's headline, we should all admit that this is just crowd-sourcing, not "forecasting." If 500 people can collectively tell you
Give you high marks for accuracy on this column. While I think we are headed for a slowdown, these numbers do not provide that much evidence to back up that claim or the opposite one.
I must agree. As it is now, we have to wait and see. But the cold water splashing on the economy is having an impact. The economy is being slowed. There is no doubt. The question is how much it will be slowed and how impactful it may be.
But considering it all, I don’t yet have enough information to project deeper pain in the economy. I do not yet foresee longer term impact and recession. But the world is a place of infinite variables. There are lots of plates spinning.