Many people were struck by the 1.4 percent drop in GDP in the first quarter, with some reports suggesting this was the beginning of a recession. This is not the real story of the first quarter GDP, instead it looks like growth is continuing at a healthy rate. To understand this point, it is important to recognize how imports are counted in GDP, since the increase in imports subtracted 2.53 percentage points from GDP growth in the quarter. More

The post The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore appeared first on CounterPunch.org.

This post was originally published on CounterPunch.org.

Print Share Comment Cite Upload Translate Updates

APA

Dean Baker | radiofree.asia (2024-05-19T11:13:25+00:00) » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore. Retrieved from https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/.

MLA

" » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore." Dean Baker | radiofree.asia - Monday May 2, 2022, https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/

HARVARD

Dean Baker | radiofree.asia Monday May 2, 2022 » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore., viewed 2024-05-19T11:13:25+00:00,<https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/>

VANCOUVER

Dean Baker | radiofree.asia - » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore. [Internet]. [Accessed 2024-05-19T11:13:25+00:00]. Available from: https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/

CHICAGO

" » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore." Dean Baker | radiofree.asia - Accessed 2024-05-19T11:13:25+00:00. https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/

IEEE

" » The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore." Dean Baker | radiofree.asia [Online]. Available: https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/. [Accessed: 2024-05-19T11:13:25+00:00]

rf:citation

» The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore | Dean Baker | radiofree.asia | https://radiofree.asia/2022/05/02/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore/ | 2024-05-19T11:13:25+00:00

To access this feature and upload your own media, you must Login or create an account.

Visual Text

Use this space to make a translated version of this post.

Add an image

Choose a Language Afrikaans Albanian Arabic Armenian Basque Bengali Bulgarian Catalan Cambodian Chinese (Mandarin) Croatian Czech Danish Dutch English Estonian Fiji Finnish French Georgian German Greek Gujarati Hebrew Hindi Hungarian Icelandic Indonesian Irish Italian Japanese Javanese Korean Latin Latvian Lithuanian Macedonian Malay Malayalam Maltese Maori Marathi Mongolian Nepali Norwegian Persian Polish Portuguese Punjabi Quechua Romanian Russian Samoan Serbian Slovak Slovenian Spanish Swahili Swedish Tamil Tatar Telugu Thai Tibetan Tonga Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa