Will the GDP Report Suggest a Recession? The advanced report on first-quarter Gross Domestic Product (GDP) will be out later this week. Perhaps no economic report this year will be more scrutinized. Those looking for economic clues that could signal a recession will undoubtedly dissect the GDP report like a CSI team in a lab. It's important to remember that GDP is a lag indicator, meaning that it measures the overall economic output that's already occurred. The advance report may demonstrate how the economy weathered the Omicron variant still gripping the country early in the first quarter. It may also give some early insight into the economic effects of the Ukraine invasion, which started in late February. Those events may seem like old news, but they are not as far as GDP is concerned. The quarterly report is the most comprehensive study of the economy, so economists spend a great deal of time reviewing the data. Our professionals look at both lead and lag indicators to help gauge the economy's direction. If anything piques our attention, we will follow up with more information. DISCLAIMER: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Global View Capital Advisors. LTD (GVCA) or any of its affiliates. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. |
Will the GDP Report Suggest a Recession?
