Connect with us

Hi, what are you looking for?

Top News

The US economy has shrunk more than previously estimated – US GDP in the first quarter of 2022

United States.  ESTA - Higher fees, how much should I pay?

In the first quarter of 2022, the US economy shrank more than previously estimated. According to the Bureau of Economic Analysis (BEA), GDP is down 1.6 percent year-on-year. It was expected to decline by 1.5 per cent.

Initially, it was estimated for the period from January to March 2022 American economy Contracted 1.4 percent. The second calculation stated that the volume of GDP was -1.5%. Such a conclusion was also expected by economists surveyed by the Reuters agency. However, the final calculation is down 1.6%.

According to the BEA, the slower-than-expected increase in consumer spending led to a 0.1 point decline. This was partly offset by increased private investment in goods.

Economy in the United States

According to CNN, the latest data shows that economic growth has been negative since the first quarter, raising fears of a recession.

“US GDP at the end of the first quarter was -1.6%, which was expected to fall to -1.5%, but if you take into account the value of the previous period, the difference between the expected value and the current value was not large. At that time GDP was 6.9%.” Maklerski wrote TMS Brokers.

In the fourth quarter of 2021, US economic growth was 6.9%, compared to 2.7%. More than the corresponding period of 2019.

Reuters, CNN, TVN24 Biznes

Main photo source: Ryan DeBerardinis /

See also  An attack on North Stream 2 or Ukraine? Russian newspaper on possible invasion
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


Another person familiar with Sony’s plans confirms the killer news for PS5 owners. Horizon Forbidden West is not expected to appear on the market...


The British government has canceled a recommendation to avoid travel to and from the eight regions most affected by the Indian coronavirus variant altogether....


It looks like Tesla wants to use lasers instead of standard wipers in the future. I applied for a patent for this solution. The...


Farmer reveals government plans for CPK The farmer who issued the documents is a member of the social council of the CPK. As he...