by Calculated Risk on 7/22/2022 10:58:00 AM
The advance estimate of Q2 GDP will be released next week, and the consensus is for real GDP to increase 0.4% in Q2.
Note: We’ve seen two consecutive quarters of negative GDP before without a recession (that isn’t the definition). If Q2 is negative, it will mostly be due to inventory and trade issues. No worries. My view is the US economy is not currently in a recession, see: Predicting the Next Recession
And from the Altanta Fed: GDPNow