{"id":633535,"date":"2022-05-02T08:55:41","date_gmt":"2022-05-02T08:55:41","guid":{"rendered":"https:\/\/www.counterpunch.org\/?p=241257"},"modified":"2022-05-02T08:55:41","modified_gmt":"2022-05-02T08:55:41","slug":"the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2022\/05\/02\/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore\/","title":{"rendered":"The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore"},"content":{"rendered":"<p>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. <a href=\"https:\/\/www.counterpunch.org\/2022\/05\/02\/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore\/\">More<\/a><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/2022\/05\/02\/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore\/\">The Surge in Imports and the Drop in GDP: Offloading the Ships Lined Up Offshore<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.counterpunch.org\/\">CounterPunch.org<\/a>.<\/p>\n\n<p class=\"syndicated-attribution\">This post was originally published on <a href=\"https:\/\/www.counterpunch.org\/2022\/05\/02\/the-surge-in-imports-and-the-drop-in-gdp-offloading-the-ships-lined-up-offshore\/\">CounterPunch.org<\/a>. <\/p>","protected":false},"excerpt":{"rendered":"<p>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 health&#8230;<\/p>\n","protected":false},"author":120,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22,266],"tags":[],"_links":{"self":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/633535"}],"collection":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/users\/120"}],"replies":[{"embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/comments?post=633535"}],"version-history":[{"count":1,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/633535\/revisions"}],"predecessor-version":[{"id":633536,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/posts\/633535\/revisions\/633536"}],"wp:attachment":[{"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/media?parent=633535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/categories?post=633535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/radiofree.asia\/wp-json\/wp\/v2\/tags?post=633535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}