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interests / soc.culture.china / [Stagflation?] US economy ground to a halt in third quarter

[Stagflation?] US economy ground to a halt in third quarter

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Subject: [Stagflation?] US economy ground to a halt in third quarter
From: ltl...@hotmail.com (ltlee1)
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by: ltlee1 - Sat, 30 Oct 2021 11:48 UTC

"Net of inventory accumulation, real GDP for the third quarter was slightly negative, US government data released Thursday morning show. Real GDP grew at an annual rate of 2%, below the forecasters’ consensus of 2.6%, the Commerce Department reported. But a jump in inventories added 2.07 percentage points annualized to GDP. That’s more than the reported growth.

That’s a very odd number, considering that the inventory-to-sales ratio of US business stands at the lowest level on record, due to supply-chain constraints that prevent businesses from restocking. It’s likely that the inventory number was exaggerated. If that’s true, the US economy shrank during the third quarter."
https://asiatimes.com/2021/10/us-gdp-data-show-stagflation/

Subject	Author
[Stagflation?] US economy ground to a halt in third quarter	ltlee1