breaking news. brand-new gdp numbers, i have no idea what they are. christine romans does. 2%. that is less than expected. it is a downshift from the spring when we had a really robust 6.7% economic growth. i ll tell you why. no surprise here, the delta variant was surging, so there were new restrictions that people put on themselves because of the delta variant. supply chain bottlenecks, rising prices, and acute worker shortage. all things at play in the quarter, so, john, look at the trajectory here this is 2.7%. sharp deceleration from the spring before we had the delta variant. and, look, this is the whole covid nightmare, right. the economy crashed. it bounced back sharply. we wanted to see this continue to move higher. but now you re looking at a 2% range is just about what we had kind of on average during the trump administration. so we would be looking for something sharper and more robust. i will remind you this is still
The economic cheer, however, may be short-lived with economists cautioning of a sharp deceleration in manufacturing activity going forward due to the coal shortage-led power deficit.