The U.S. Bureau of Economic Analysis (BEA) reported Friday that Q1 2022 GDP dropped 1.4 percent and the Q4 2021 GDP was revised to 6.9 percent. Analyst’s pre-report expectations were for a growth of 1 percent.
The drop in GDP comes after the March consumer price index was up 1.2 percent in March over February, and 8.5 percent over March 2021. High inflation and negative growth is the definition of stagflation. The question is, how long will it last and will there be a recession? By definition a recession is two consecutive quarters of negative GDP. While the Q1 GDP numbers were not a positive development by any means, there are some signs that the stagnation in the economy might be “transitory” – to...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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