Poll: What is our recession outlook for the US?

[DrBob2]

@mostlylong

In April, this reversed, imports declined relative to exports, the trade deficit shrank, which adds to GDP for Q2.

To nit-pick, it doesn’t add to GDP; it just doesn’t subtract as much.

@mostlylong

Consumer spending, as measured by real PCE, grew about +0.1% versus March, or about +1.2% annually, which is weakly positive growth.

Since income was up more than spending, this means that savings increased. Worse things could happen.

DB2