The Alternate Economic Narrative of Nominal GDP
August 24, 2022
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1:05Now PlayingThe Alternate Economic Narrative of Nominal GDP
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as posted by the channelThe US economy has now experienced two complete quarters of negative growth in real GDP the standard definition of a recession. Since the average length of US recessions since 1945 is 11.1 months, that same metric suggests the economy is already halfway through the downturn. That’s the story real GDP data tells investors but what about the alternate (and divergent) narrative offered by nominal GDP data? Presented by @cmegroup
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