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Economic Overview – April 2022

Written by First Affirmative

Economic Commentary

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Overview: High Inflation, Economic Slowdown, and Dissatisfied Workers

As shown in the figure 1 chart below, US GDP is steadily returning to pre-COVID levels. Many industries are recovering from the impact of COVID, which shows that we are “coming back” from COVID-related dislocations – to some degree. There are, however, other economic factors that are going awry in the US which will be discussed in detail in this commentary. 

Figure 1. Real US GDP

Source: JPM Guide to Markets 2Q2022