Hard data, soft data, weird data

The Week Ahead

 

Hard data, soft data, weird data

Anytime a quarterly real GDP growth rate dips below zero, the recession talk will escalate, as we’ve seen with the US Q1 results. But 2022 saw reports of two negative quarters in succession that wasn’t the start of a true downturn, and there are no references to the 2022 recession. For various reasons, economic data in the first half of this year will be equally muddied, so here are some hints to how to interpret them in the report below. 

 

 

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