Podcast: GDP growth ended 2022 with an unhealthy mix
How does Q4’s GDP report impact our outlook of the economy and financial markets—and the potential for a recession?
Last week’s economic data indicated further slowing in the housing market and overall economic growth. New home sales are now well below the long-run average and pending home sales suggest the trend will continue going forward, while consumer spending slowed in large part due to falling energy prices. Additionally, the S&P flash PMIs both fell, with services now well into contraction territory.
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