Global Economy Briefs
2022
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Economic Fundamentals Sound Despite Q1 2022 GDP Contraction
April 28 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)US Real Gross Domestic Product contracted by 1.4 percent (annualized) during the first quarter of 2022, missing the consensus forecast of 1.0 percent* growth.
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March Retail Sales Rise, but Inflation Undermines Impact
April 14 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)This is the second consecutive month of weakness in real retail sales.
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Ukraine War Drives March CPI to 8.5% YoY
April 12 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)This key measure of consumer price inflation is now at the highest rate recorded since December 1981.
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Rising Inflation Slows Household Consumption
March 31 | Erik Lundh, Senior Economist, Global, The Conference Board | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Comments (0)Personal consumption slowed in February reflecting some likely payback from a surge in spending in January.
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Fed Projects Hawkishness Amid War, Pandemic Crises
March 16 | Dana M. Peterson, Chief Economist and Leader, Economy, Strategy & Finance Center, The Conference Board | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)As expected, the Fed hiked interest rates by 25 basis points today, the first increase since 2018. The real news is the material rise in inflation expectations.
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High Inflation Limiting Retail Sales Growth
March 16 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)Retail spending in February rose $2.0 billion to $658.1 billion for the month – up 0.3 percent from the previous month and up 17.6 percent from a year earlier.
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Ukraine Invasion Begins to Impact CPI
March 10 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)This key measure of consumer price inflation is now at the highest rate recorded since January 1982.
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Omicron’s Impact on Spending, Incomes & Inflation Mixed
February 25 | Erik Lundh, Senior Economist, Global, The Conference Board | Comments (0)January Personal Income & Outlays data, released this morning, show an economy grappling with the worst of the Omicron wave.
