GDP Unexpectedly Decreases in the First Quarter

By April 28, 2022Housing
In the first quarter of 2022, real GDP declined for the first time since the pandemic recession, as inflation surged to a 40-year high and supply chain disruptions remain persistent. This quarter’s decrease reflected a deceleration in private inventory investment, decreases in exports and government spending and an increase in imports. According to the “advance” estimate  released by the Bureau… Read More ›