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Coffee Shop
Recession
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<blockquote data-quote="Son of Butch" data-source="post: 1727125" data-attributes="member: 14585"><p>Rule of thumb: 2 consecutive quarters of negative growth of the GDP= recession</p><p></p><p>GDP grew 4.9% in 2021 with the last quarter having the lowest growth of 0.6%</p><p>0.6 x 4 = 2.4% projected for 2022</p><p></p><p>Since all quarters of 2021 were positive, too early to say here in January 2022</p><p>that both the first and 2nd quarter of 2022 will end with negative growth.</p><p>GDP growth has definitely slowed, whether it will turn negative for the next 5 months is above my pay grade. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" /></p></blockquote><p></p>
[QUOTE="Son of Butch, post: 1727125, member: 14585"] Rule of thumb: 2 consecutive quarters of negative growth of the GDP= recession GDP grew 4.9% in 2021 with the last quarter having the lowest growth of 0.6% 0.6 x 4 = 2.4% projected for 2022 Since all quarters of 2021 were positive, too early to say here in January 2022 that both the first and 2nd quarter of 2022 will end with negative growth. GDP growth has definitely slowed, whether it will turn negative for the next 5 months is above my pay grade. :) [/QUOTE]
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