Posted by retirefire on 26th of May 2022 at 01:43 pm
The Bureau of Economic Analysis (BEA) originally calculated the
first quarter economy at a scale of -1.4% growth. The BEA revises
that figure downward today with more data showing a contracted
level of consumer spending [
DATA HERE]. The economy
contracted by -1.5% in the revised numbers.
♦ What changed in this revision to make the economy worse?
(1) U.S. inflation was revised upward (prices increased); (2)
the estimate of calculated inventories was lowered; (3) the
estimate of consumer spending was raised (inflation issue); which
leads to (4) a massive drop in the calculation of disposable
incomes
The Bureau of Economic Analysis
Posted by retirefire on 26th of May 2022 at 01:43 pm
The Bureau of Economic Analysis (BEA) originally calculated the first quarter economy at a scale of -1.4% growth. The BEA revises that figure downward today with more data showing a contracted level of consumer spending [ DATA HERE]. The economy contracted by -1.5% in the revised numbers.
♦ What changed in this revision to make the economy worse?
(1) U.S. inflation was revised upward (prices increased); (2) the estimate of calculated inventories was lowered; (3) the estimate of consumer spending was raised (inflation issue); which leads to (4) a massive drop in the calculation of disposable incomes
Hard for the consumer to
Posted by steve on 26th of May 2022 at 01:51 pm
Hard for the consumer to have much disposable income after paying for staples - energy remains a major thorn with supply side issues.