Summer’s end is ushering in a recessionary chill in the US

Gross Domestic Income, which was buoyant in 2022, has recorded two successive negative quarters now. GDI is now an all-time-high $379 billion less than GDP on an annualised basis. This is concerning because GDI is the more reliable recession predictor than GDP

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​ Gross Domestic Income, which was buoyant in 2022, has recorded two successive negative quarters now. GDI is now an all-time-high $379 billion less than GDP on an annualised basis. This is concerning because GDI is the more reliable recession predictor than GDP Gross Domestic Income, which was buoyant in 2022, has recorded two successive negative quarters now. GDI is now an all-time-high $379 billion less than GDP on an annualised basis. This is concerning because GDI is the more reliable recession predictor than GDP  Moneycontrol Latest News Read More