Economy Statement by Benjamin Harris, Assistant Secretary for Economy Policy, for the Treasury Borrowing Advisory Committee
May 03, 2022
May 03, 2022
WASHINGTON, May 3 (TNStalk) -- The U.S. Department of the Treasury issued the following statement:
* * *
Real GDP growth declined in the first quarter of 2022, following a rapid acceleration of 6.9 percent in last year's final quarter. The outright decline in real GDP was driven by sharp swings in the contributions of net exports and inventory investment, two components which had added strongly to growth in the fourth quarter. However, underlying private demand gre . . .
* * *
Real GDP growth declined in the first quarter of 2022, following a rapid acceleration of 6.9 percent in last year's final quarter. The outright decline in real GDP was driven by sharp swings in the contributions of net exports and inventory investment, two components which had added strongly to growth in the fourth quarter. However, underlying private demand gre . . .