China's GDP growth slumps to 0.4% in 2nd quarter | ANC

Rundown: China's economy grows to its lowest in two years at 0.4% in the second quarter.

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[AmericanDayDream]

It's been estimated US second quarter GDP will shrink -1% even without a zero COVID policy. I choose 0.4% if I could.

[AmericanDayDream]

Latest estimate (US GDP): -1.5 percent — July 15, 2022
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2022 is -1.5 percent on July 15, down from -1.2 percent on July 8. After recent releases from the US Bureau of Labor Statistics, the US Census Bureau, the Federal Reserve Board of Governors, and the US Department of the Treasury's Bureau of the Fiscal Service, the nowcast of second-quarter real personal consumption expenditures growth and real gross private domestic investment growth decreased from 1.9 percent and -13.7 percent, respectively, to 1.5 percent and -13.8 percent, respectively.

The next GDPNow update is Tuesday, July 19. Please see the "Release Dates" tab below for a list of upcoming releases.