Figure 1: GDP (vibrant black), GDO (tan), GDP+ (green), GDPNow for Q4 (red square), Goldman Sachs (12/23) (teal triangle), all in blillions Ch.2012$, SAAR. GDP+ level determined by iterating on 2019Q4 GDP (when GDP and GDO matched).
Heres the image: revisions up in Q3 GDP, and GDP+. Keep in mind that GDP+ suggests no recession in 2022H1.
This entry was posted on December 23, 2022 by Menzie Chinn.
