🔶 A Large Downward Revision May Be Coming in US GDP Data! 📉

🔶 The difference between Real GDP and real Gross Domestic Income (GDI) has reached a record $616 billion. 😮

🔶 GDI measures earnings by all participants of the economy, while GDP reflects the value of total economic output.

🔶 Historically, GDI has been a leading indicator of final GDP data revisions and the unemployment rate, especially near the end of economic cycles.

🔶 Currently, GDI suggests the real GDP could be overstated by ~$600 billion or approximately 3%.

🔶 By the time these revisions are made, attention often shifts away from the current GDP numbers.

Downward data revisions are becoming the new normal. 📊

#Economy #GDP #GDI #EconomicData #USMarkets