I can’t even wrap my mind around this: GDP growth just went from +6.9 percent last quarter to – 1.4 percent this quarter. That’s worse than the swing from the last quarter of 2019 to the first quarter of 2020 (+1.9 percent to -5.1). Absolute disaster.
— Kyle Smith (@rkylesmith) April 28, 2022
BREAKING: GDP fell through the floor in the first quarter, landing at a negative 1.4%.
— BILL HEMMER (@BillHemmer) April 28, 2022