4th Quarter 2022 GDP Shows Growth, but Deteriorating Fundamentals
Real GDP rose 2.9 percent in the 4th quarter of 2022, exceeding estimates ranging from 2.6 to 2.7 percent. This puts the first estimate of overall US economic growth in 2022 at 2.1 percent. While this is notable in light of the brief recession that took place earlier in the year and the aggressive rate […]
Small states are the canary in the coal mine for the global economy, and they are struggling
Small states—countries with a population of 1.5 million or less—were hit particularly hard by the COVID-19 pandemic. They’ve also had a much slower recovery than other emerging market and developing economies (EMDEs). Small states have several features that make them especially vulnerable to global economic and climate-related developments. To make matters more difficult, these countries […]
2:00PM Water Cooler 1/26/2023 | naked capitalism
By Lambert Strether of Corrente. Patient readers, I apologize that this Water Cooler is so light; I’ve had a tiring couple of days. But you can talk amongst yourselves! –lambert Bird Song of the Day Alpine Thrush, Dhap Kharka, Nepal. * * * Politics “But what is government itself, but the greatest of all reflections […]
U.S. GDP rose 2.9% in the fourth quarter, more than expected even as recession fears loom
The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had […]
