GDP is the “bottom line†figure for every economy. The measure is far from perfect but it has a huge market impact. We explain the components and focus on the US releases, which have a few a unique characteristics in terms of publication schedule, the good and bad components and calculation methods. We top up with a look at recent years. Each quarter may be unique, but when zooming out from the quarterly fluctuations, it is easy to understand Lagarde’s “New Mediocre†catch-phrase.
A video explanation of what moves markets:
