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The US Department of Commerce said on Wednesday that the trade gap increased 5.7% to $92.2 billion in September. Goods exports decreased by $2.8 billion to reach $177.6 billion. Goods imports increased by $2.2 billion, $269.8 billion in total.
The first official GDP report for Q3 is anticipated to be announced on Thursday. Following a 0.6% decrease in Q2, economists surveyed by Reuters predict that GDP will have expanded by 2.4% year over year.
Given that more than 2.5 million jobs were produced during the first half of 2022, the economy probably did not go into a recession during that time.
source: reuters.com
The first official GDP report for Q3 is anticipated to be announced on Thursday. Following a 0.6% decrease in Q2, economists surveyed by Reuters predict that GDP will have expanded by 2.4% year over year.
Given that more than 2.5 million jobs were produced during the first half of 2022, the economy probably did not go into a recession during that time.
source: reuters.com
