You go Joe, nice 1Q.
If we go with the traditional definition of 2 consecutive quarters negative growth, this would mean the earliest a recession would be called is Q4 2023. I'm sure parts of the economy is suffering (commercial real estate) but doesn't feel like we're near a recession anytime soon.
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First-quarter economic growth was actually 2%, up from 1.3% first reported in major GDP revision
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Gross domestic product increased at a 2% annualized pace for the January-through-March period, up from the previous estimate of 1.3% and ahead of the 1.4% Dow Jones consensus forecast. This was the third and final estimate for Q1 GDP. The growth rate was 2.6% in the fourth quarter.
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