US GDP fell at a 1.4% annualized rate
The median projection in a Bloomberg survey of economists called for a 1% increase.
The contraction was due to a jump in imports and a drop in exports, coupled with a slower buildup of businesses’ stockpiles. On a year-over-year basis, the economy grew 3.6%.
Bloomberg 28 april 2022
Global Supply Chain Crisis Flares Up Again
Ports are already snarled, with the $22 trillion trade in global goods facing months of severe disruption.
Bloomberg 25 april 2022
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