GDP up 2.6% in the third quarter, despite record inflation
Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022, according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. The GDP estimate released today is based on source data that are incomplete or subject to […]
Gross Domestic Product shrunk 0.9% in Second Quarter 2022
WASHINGTON, D.C., July 28, 2022 — Today the Department of Commerce’s Bureau of Economic Analysis (BEA) announced real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022. In the first quarter, real GDP decreased 1.6 percent. Treasury Secretary Janet Yellen in a recent appearance on NBC’s Meet […]
