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(19,794 posts)
Thu May 25, 2023, 10:49 PM May 2023

Yahoo Finance: US economy beats back 'dubious' recession fears after GDP, jobs data top expectation [View all]

On Thursday, revisions to first quarter economic data showed the economy grew faster than initially expected despite inflation coming in higher than first noted.

In the labor market, revisions resulting in part from fraudulent data in Massachusetts show jobless claims aren’t piling up as previously anticipated.

Together, the data points add to a growing narrative that current economic data doesn’t match the pessimism of some economists warning about a recession.


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