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Mixed Stats Muddy the Waters

Mixed Stats Muddy the Waters
The Marriner S. Eccles Federal Reserve Board building in Washington on March 16, 2022. Saul Loeb/AFP via Getty Images
Milton Ezrati
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Commentary

For all the debate over and ambiguity in recent statistics, the U.S. economy can only be described as weak. Economic pessimists claim that it’s already in recession, pointing to the past two consecutive quarters of declining real gross domestic product (GDP).

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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