U.S. GDP data may be revised significantly downward. Currently, GDI suggests that real GDP could be overstated by a massive amount of approximately $600 billion or 3%.

https://preview.redd.it/j6l6ou14nxmd1.jpg?width=864&format=pjpg&auto=webp&s=a91becfce7fc7b31b4bed3e8ac201dcf12c9873f

The difference between real GDP and real Gross Domestic Income reached a record $616 billion. GDI measures earnings across the economy, while GDP tracks total economic output. Historically, GDI has been a leading indicator of final GDP revisions and changes in the unemployment rate, especially near the end of economic cycles.

Downward revisions have become the new normal.

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