US GDP - 2023-01-25
Date:
Thursday, January 26, 2023
Summary:
A new high for US real GDP, 5.1% above the pre-pandemic peak with no more people working to achieve it. GDP has grown 16.2% from the recession trough (given its severity, the historical trend would predict only 13.7%). Nice details in the quarter: inflation in gross domestic purchases ran only 3.2% at an annual rate, down from 4.8% in Q3. And nominal personal income grew 6.9%, up from 5.9%. No recession so far, that's for sure.