May 2022
Director’s Message
A message from Mary Bohman, Acting Director of the Bureau of Economic Analysis.
GDP and the Economy: Advance Estimates for the First Quarter of 2022
Real GDP decreased 1.4 percent in the first quarter of 2022, reflecting decreases in private inventory investment, exports, federal government spending, and state and local government spending, while imports, which are a subtraction in the calculation of GDP, increased.
