Jessica Mendoza

Jean says that to understand that shrinkage, we need to look at how the GDP is calculated when it comes to imports.

Jean says that to understand that shrinkage, we need to look at how the GDP is calculated when it comes to imports.

Jean says that to understand that shrinkage, we need to look at how the GDP is calculated when it comes to imports.

Right. That was a big story for a while. People just like stockpiling stuff as much as they could. Exactly.

Right. That was a big story for a while. People just like stockpiling stuff as much as they could. Exactly.

Right. That was a big story for a while. People just like stockpiling stuff as much as they could. Exactly.

And so does that mean that the data kind of looks worse than it actually is?

And so does that mean that the data kind of looks worse than it actually is?

And so does that mean that the data kind of looks worse than it actually is?

In other words, if you take away the bump in panic buying imports, the GDP right now would likely look different. So it sounds like the GDP in this moment is heavily reflecting imports, which has to do with tariffs. How much of what we're seeing now is because of Trump's policies?

In other words, if you take away the bump in panic buying imports, the GDP right now would likely look different. So it sounds like the GDP in this moment is heavily reflecting imports, which has to do with tariffs. How much of what we're seeing now is because of Trump's policies?

In other words, if you take away the bump in panic buying imports, the GDP right now would likely look different. So it sounds like the GDP in this moment is heavily reflecting imports, which has to do with tariffs. How much of what we're seeing now is because of Trump's policies?

Thank you.

Thank you.

Thank you.

So would it be fair to call it a transition economy, like a Biden-Trump transition economy at the moment?

So would it be fair to call it a transition economy, like a Biden-Trump transition economy at the moment?

So would it be fair to call it a transition economy, like a Biden-Trump transition economy at the moment?

President Trump has said that any economic slowdown is worth the sacrifice, that it would be short-term pain for long-term gain. The two other key metrics that everyone is looking for at this time period are inflation and jobs. The most up-to-date inflation data comes out next week, but we do know what's going on with unemployment.

President Trump has said that any economic slowdown is worth the sacrifice, that it would be short-term pain for long-term gain. The two other key metrics that everyone is looking for at this time period are inflation and jobs. The most up-to-date inflation data comes out next week, but we do know what's going on with unemployment.