4min chapter

Moody's Talks - Inside Economics cover image

Forecast Surprises, Successes and Slip-Ups

Moody's Talks - Inside Economics

CHAPTER

The Economic Statistics: 194.3 Billion Dollars

The dollar is well above its long run average, right? Yes, it is. But again, weaker, I mean- It's all relative. And this goes to a surprise, a positive surprise about the economy. 194.3 billion dollars. Manufacturing construction put in place. Can you believe it two years ago? You go back to May of 2021,. 75 billion to almost 200 billion. The CHIPs Act provides tax incentives for global chip producers to manufacture here in the U.S.

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