Tag: economy

(7 June 2022) So far, 2022 has been a very challenging year.  The pandemic hangover, Russia's invasion of Ukraine, rampant inflation and sky-high gas prices, and now the prospect of a recession around the corner.  After contracting 1.4% in the first quarter on pandemic-related disruptions, the US economy still looks weak here in the second quarter.  Based on the most recent data, the Atlanta Fed's GDPNow indicator estimates that Q2 growth has slumped to just 0.9%.  With consumers tightening their belts in response to inflation, discretionary spending has fallen...