{"id":70888,"date":"2022-08-26T01:39:00","date_gmt":"2022-08-25T21:39:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=70888"},"modified":"2022-08-26T02:08:40","modified_gmt":"2022-08-25T22:08:40","slug":"revised-us-q2-data-weaken-recession-theory","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/revised-us-q2-data-weaken-recession-theory\/08\/26\/market-updates\/","title":{"rendered":"Revised US Q2 data weaken recession theory"},"content":{"rendered":"\n<p>The second estimate of Q2 GDP showed the US economy contracted at a slower-than-expected rate of 0.6%. Upward revisions to underlying demand and a first read from the income side weakens the argument that the economy is currently in recession. <br><br>The US economy contracted at a 0.6% annualized rate in the second quarter according to the second estimate of GDP, which is slightly better than previously thought. While Q2 still marks the second-consecutive decline in real GDP growth, the upward revisions weaken the current recession argument.<br><br>Despite some upward revisions, second quarter weakness still reflects a genuine slowing in economic activity. Real final sales to domestic purchasers, an indication of underlying demand, still came in negative, contracting at a 0.2% annualized pace during the quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The second estimate of Q2 GDP showed the US economy contracted at a slower-than-expected rate of 0.6%. Upward revisions to underlying demand and a first read from the income side weakens the argument that the economy is currently in recession. The US economy contracted at a 0.6% annualized rate in the second quarter according to &hellip;<\/p>\n","protected":false},"author":13,"featured_media":62386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[194,8109,7536,6858],"class_list":["post-70888","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-gdp","tag-q2","tag-recession","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70888"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70888\/revisions"}],"predecessor-version":[{"id":70894,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70888\/revisions\/70894"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/62386"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}