Q1 GDP slides negative... will a Q2 rally keep the US out of recession for the election season?

[WarGamer]

https://abcnews.go.com/US/wireStory/us-economy-shrank-14-q1-consumers-spending-84367864

WASHINGTON -- The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a 1.4% annual rate, but consumers and businesses kept spending in a sign of economic durability.

The economy's overall decline in the January-March quarter does not mean a recession is likely in the coming months. Most economists expect a rebound this quarter as solid hiring and wage gains sustain growth.

Instead, the steady spending by households and companies suggests that the economy will likely keep expanding this year even though the Federal Reserve plans to raise rates aggressively to fight the inflation surge. The first quarter was hampered mainly by a slower restocking of goods in stores and warehouses and by a sharp drop in exports.

[doc03]

1. Two quarters is a recession. That is the only

way to kill inflation.

[WarGamer]

2. What a choice... recession or $10 loaf of bread.

[uponit7771]

3. Americans care more about UE/LFPR/wages/inflation more than GDP. There's no doubt a disconnect ...

... in those numbers and how well off Americans feel they are.

It doesn't look like its the economy any longer

[roamer65]

4. Stagflation.

It’s a 1970’s redux.

Disco will never die!

🕺🏻