Section 1 Extra Credit Sources for Fall 2022
For September 27 GDP data is released at the end of each month in the U.S. The next release is Thursday before class. GDP is measured quarterly in the U.S. After the quarter ends, they spend a month counting things up, and release their first draft on the last Thursday of the next month. A month later, they release a revision, and a month after that the final version. So the news on Thursday morning will be the final revision for 2022 II. So we won't get official information on the current quarter until the end of October. But, for now, economists working for various institutions have been releasing their forecasts about how this quarter looks to them. Calculated Risk has 3 of those in this post . They are actually forecasts for the rate of growth of real GDP, not the actual number. A typical/good rate of growth is 3%/yr. The range is about -2%/yr to about +8%/yr. So these forecasts are not good, but they are positive, indicating that the economy is growing. Generally speaking, y