[award-winning interaction] send out practical information | the US economy is in recession? Get into a recession and don't stop raising interest rates? What will be the impact on the global economy?

The final revised figures released by the Commerce Department on September 29th local time showed that US gross domestic product (GDP) fell at an annualised rate of 0.6% in the second quarter of 2022, the same as the previously released revised data. Earlier, the United States announced the final annualized rate of real GDP in the first quarter, which was-1.6%.

Does the decline in real GDP in the United States for two consecutive quarters mean a recession? Get into a recession and don't stop raising interest rates? What will be the impact of the US recession on the world?

Before we can get the answer, we need to have an in-depth understanding of GDP and learn how to study macro-economy through GDP.

What does 01 GDP reflect?

GDP (Gross Domestic Product), which is often mentioned in the news, refers to the market value of all the final products and services produced by a country or region in a certain period of time.

GDP reflects the changes of national economic development, shows a complete picture of the economic situation, provides a basis for the formulation of strategic goals for economic development and macroeconomic policy decisions, helps to judge whether the economy needs stimulus or control, and also provides an important basis for measuring a country's economic status.

02 what is nominal GDP? What is the actual GDP?

GDP can be divided into nominal GDP and actual GDP.

The actual GDP deducts the factors of price changes, which can better reflectThe actual production level of a country or region.

Nominal GDP contains an index of price changesReflect the short-term fluctuations of GDP.

03 how to study macro-economy through GDP?

First, look at the total amount of GDP.It is generally believed that the larger the total amount of GDP, the stronger the national strength.

Second, look at the growth rate of GDP.As one of the four major macroeconomic indicators, GDP growth rate shows the overall economic development, we can judge whether the economy is in recession or growth stage by the growth rate. According to the traditional measure of recession, the economy can be judged to be in a recession as long as it is negative for two consecutive quarters.

Third, look at the per capita level.Per capita GDP is not only a standard to measure people's living standards, but also reflects the ability of a country or region to create wealth and the level of economic development.

GDP is no longer of reference value? What will be the impact of the US recession on the world? To learn more about GDP, click the link to go to the course:The interesting explanation of Economic Operation GDP

Buffett once said, "Life is like a snowball. The important thing is to find wet snow and long slopes."To make a good investment, we not only need to choose the right industry track, but also need a stable and prosperous national economy!After learning the contents of GDP, do you have more knowledge and understanding? Do you want to test how much you have mastered? Click on the picture below to test.

The purpose of the investment ability test is to help you learn to invest in a more interesting way, and to help you form a "teaching-learning-practice-test-evaluation" closed loop of core knowledge.

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