GDPNow Forecast for Q3 Plunges to 0.5 Percent on Weak Consumer Spending

We may easily see three or four quarters of negative GDP with relatively strong jobs because we never fully filled the losses from the pandemic. Expect a Long Period of Weak Growth, Whether or Not It’s Labeled Recession. Lost in the debate over whether recession has started, is the observation that it doesn’t matter much either way.

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