Bloomberg Television
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The Alternate Economic Narrative of Nominal GDP
Posted
August 24, 2022
Views
2,519
Likes
35
Comments
7
Engagement
1.67%
August 24, 2022
2,519
35
7
1.67%
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7:43
1:04Now PlayingThe 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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