GDP growth slowed to a 1.6% rate in the first quarter, well below expectations

https://www.cnbc.com/2024/04/25/gdp-q1-2024-increased-at-a-1point6percent-rate.html

HYPERLINK has full article

snip

Economists surveyed by Dow Jones had been looking for an increase of 2.4% following a 3.4% gain in the fourth quarter of 2023 and 4.9% in the previous period.............

“This was a worst of both worlds report – slower than expected growth, higher than expected inflation,” said David Donabedian, chief investment officer of CIBC Private Wealth US

end snip

This is the reality. We are not in the throes of a pandemic. I guess one way to prop up the numbers is to increase taxpayer spending (borrow money) on weapons and ship them to other countries. It's no shock that the folks are hurting. Maybe one or 2 more kangaroo courts against the former POTUS might make folks forget how tough the times are

 

No ones surprised. The guy can't even navigate a teleprompter, bicycles, stairs, etc..... and yet we expect him to positively impact our economy?

 

With the mounting debt occurred from previous administrations ....let us give tax breaks to the wealthiest and to those huge multi-national corporations!
We all know the game.
Pass the burden onto someone else.
But yet a 1.6% increase seems to escape you, if it were a 1.6% decrease well you might have something there.

 

are these good or bad numbers? We are not in a pandemic and in fact, that excuse no longer holds water. Is high inflation and contracting GDP a good thing?

 

Biden is just the puppet that lets the Democrat mischief makers have their way with harmful new regs and poor policy

 

I wish I could agree that Biden is the fault of what is about to be a crash but there is enough blame to go back a few other administrations. The people elect a couple of good sensible people, but the majority are a bunch of idiots, cowards, and outright crooks. They sit up there in their highchairs and throw their pablum around if they do not get their way. We have no-one to blame but ourselves as we have become willing volunteer victims that keep re-electing the same trash over and over. Insanity at the highest costly level. Nothing changes if nothing changes.

 

....and who voted for them?

 

A decrease in GDP growth that CONTINUES under the Do-Nothing GOP Congress.
With GOP controlling the House for over a year, we see a recent decrease in GDP growth.
Thx Alot, Republicans!
MORE of The Economic DISASTER of GOP House Control!
GOP Votes Have Consequences...
Never Good For The Common Folk...

 

Increase in employment just like increase in wages would appear to most individuals and a positive sign.
But those with a pessimistic outlook, or looking for an axe to grind, will never understand the positive.
You got to ac-cent-tchu-ate the positive
E-lim-i-nate the negative
And latch on to the affirmative
Don't mess with Mr. In-between

 

No arguments from me!

 

You just fail to see the magic of Bidenomics.
When mortgage interest rates hit 10+%, most people will not be able to get a home (most people can't now). At that point, people will learn to fend for themselves. Our hunter/gatherer DNA will kick in! We will become better and stronger, all thanks to Joe.
The man is a GENIUS

 

that would be Democrat voters both dead and alive

 

again, decreasing GDP and stubborn inflation, is that a good thing?

 

With the unemployment at the level it is. YES!
Lets take a look at why the GDP is decreasing....tax breaks or tax rebates, deregulation, and investment in infrastructure supposedly increase GDP. with P01135809 tax breaks have surely helped.
Not the sarcasm.
Nice try to deflect.

 

OK, per the expert opinion of a loyal Democrat voter, stubborn inflation and shrinking GDP are a good thing. Thank you for answering the question

 

the republican run FED raising interest rates so high to keep wages low has hurt the economy for sure

 

We have become a nation of whiners, and here’s why;

GDP Growth Rate

Canada; +0.2%
UK; - 0.1%
Japan; - 0.8%
Australia; - 0.3%
Euro; - 0.1%
China; + 1.0%
Brazil; 0%
India; + 1.9%

U.S.; 1.6%

Source; Trading economics

Yep, a nation of whiners.

 

Good try Fresh Air; Biden, decided who to keep on the Federal Reserve.

 

yes, he expected him to act just like he did under Trump, but he instead tried to hurt the Biden economy... Sad!

 

In what reality is a GDP that's still growing a contracting GDP?

 

That's in MAGA make believe reality. They have been praying for a recession for the last three years, to get their great leader reinstalled in the WH. And if they don't get their recession, they have to mislead about economic numbers, to make things look really bad.

With that said, the labor market for the graduate students currently finishing from our program doesn't seem to be good. We'll see where this will end.

 

You do realize this is what the FED has been trying to achieve right? That’s why we have 7%+ interest rates.

They are trying to cool the economy to stop the inflation.

It’s like when the fed under the prior administration turned rates extremely low, that is typically done to prevent a recession.

Did they not teach basic economic theory anywhere in the US? I thought it was a basic requirement

 

EXACTLY!^^^

So, an FED rate cut is on the horizon.

 

not yet

inflation continues to creep upward. Another report just released

GDP contracts

not good news for the folk. As a Democrat voter you need to stop trying to defend the crap show and admit that folks are hurting. A little empathy is a good thing

 

You keep saying that GDP contracts. What's your evidence for this? In non-MAGA reality, 1.6% GDP growth is not a contraction.