Original Article By Joe Hoft At TheGatewayPundit.com
We’ve been warning for months that the US was falling into a recession under Biden. Today even Biden’s government reporting shows it.
It was unexpected, except to those paying attention.
The Bureau of Economic Analysis reported today that Biden’s economy is shrinking. We’ve been warned about this for months.
Real gross domestic product (GDP) decreased at an annual rate of 1.4 percent in the first quarter of 2022 (table 1), according to the “advance” estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 6.9 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency … The “second” estimate for the first quarter, based on more complete data, will be released on May 26, 2022.