- October 22, 2022
- Posted by: Stratford Team
- Category: Economy
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The U.S. economy is expected to have grown robustly in a sharp rebound from the first half of the year, but most Americans are unlikely to notice anything about the turnaround.
Persistent inflation continues to weigh heavily on both economic growth and household budgets, and has become a key flash point ahead of the midterm elections. A strong reading on the next gross domestic product report, scheduled to be released Thursday, would be welcome news for Democrats, who have been struggling to convince voters they have a plan to contain rising prices and put the economy on more stable footing.
Although the newest numbers are likely to look like improvements on paper, economists say they don’t reflect major changes in the economy, which could be headed for a recession in the next year.
“This is going to look better than the previous two GDP reports, but conditions on the ground haven’t changed very much,” said Douglas…
