GDP is the “bottom line” figure for every economy. The measure is far from perfect but it has a huge market impact. We explain the components and focus on the US releases, which have a few a unique characteristics in terms of publication schedule, the good and bad components and calculation methods. We top up with a look at recent years. Each quarter may be unique, but when zooming out from the quarterly fluctuations, it is easy to understand Lagarde’s “New Mediocre” catch-phrase.
A video explanation of what moves markets:
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