Q2 GDP Declined 0.9%
Washington, DC, July 28, 2022-Real gross domestic product (GDP) decreased at an annual rate of 0.9% in Q2 2022, according to the advance estimate released by the Bureau of Economic Analysis.
In Q1, real GDP decreased 1.6%.
This GDP estimate is based on source data that are incomplete or subject to further revision by the source agency. The second estimate for Q2, based on more complete data, will be released on August 25.