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US GDP Expands at 4.9% Rate in 2-Year-Best

  • #Finance
  • #Economic conditions & trends
  • #Prices
  • #United States of America
story
OCT 2023
Image copyright: Wikimedia Commons
story last updated OCT 2023

The Spin

Pro-establishment narrative

The US currently contains an unemployment low not seen since the 1960s, while inflation sits lower than many of its major economic competitors and allies. Despite negative rhetoric, it's fair to claim that the US economy has successfully rebounded from the depths of the COVID pandemic and is performing remarkably amid continued market pessimism.

The Salt Lake Tribune

Establishment-critical narrative

While many may claim that the US economy is doing well, polling and statistics still show that many Americans believe the opposite. This is largely blamed on a lack of trust in US institutions — which is certainly true — but it's also due to millions living in economic insecurity every day. The US economy, albeit in a great place for some, is still not adequate enough to provide stability for much of the American public.

Common Dreams

Metaculus Prediction


Establishment split

CRITICAL

PRO

'Recession Incoming': Economic Growth Slows To 1.1% As Economists Worry About Worsening Conditions In Months Ahead
ForbesJUL 2023
The US economy slowed dramatically at the start of 2023
Business InsiderJUL 2023
U.S. GDP growth indicates slowing economy
NBCJUL 2023
G.D.P. Report: What to Look For
New York TimesJUL 2023
Economy grew 1.1% in first quarter but a recession could begin soon as high rates bite
USA TodayJUL 2023
Unemployment claims keep falling as labor market remains strong
PBS NewsHourJUL 2023
U.S. economic growth slowed to annual rate of 1.1% in early 2023, triggering new recession fears
Washington PostJUL 2023
The US economy is about to hit a slowdown as Americans blow through savings, shrink investments, and battle higher interest rates, chief economist says
Business InsiderJUL 2023
Economic growth hit the brakes in the first quarter
CBSJUL 2023
US economy slows sharply in January-March quarter
Al JazeeraJUL 2023
US economic growth slows sharply as interest rate hikes kick in
GuardianJUL 2023
Recession Can Wait—the GDP Report’s Bright Side
Wall Street JournalJUL 2023
GDP Report to Show Pace of U.S. Growth in First Quarter
Wall Street JournalJUL 2023
GDP growth slowed sharply in latest quarter amid Fed rate hikes
New York PostJUL 2023
Latest GDP Numbers Show US Economic Growth Slowing in First Quarter
Red StateJUL 2023

More neutral establishment stance articles

American Economic Growth Slows To 1.1% In First Quarter
Daily WireJUL 2023
The First Quarter GDP Report Is a Disaster
TownhallJUL 2023
GDP Disappoints: U.S. Economy Grew Just 1.1% in First Quarter
BreitbartJUL 2023