The US GDP reportedly rose by more that 2% says the US Bureau of Economic Analysis (BEA) in the 3rd Quarter of 2022. Ask anyone about their thoughts on the economy and they will have a hard time understanding this estimate.
It’s not what the economy is doing, it’s what you say the economy is doing that counts. Obama taught us this straight out of the communist playbook.
Today the BEA announce 3rd Quarter 2022 GDP numbers and they just don’t add up for the average American. The BEA shares:
Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to “Source Data for the Advance Estimate” on page 3). The “second” estimate for the third quarter, based on more complete data, will be released on November 30, 2022.