5min chapter

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The Macro Update (Q1 2023) With Eric Basmajian (EPB Macro Research)

Investing Experts

CHAPTER

Industrial Production Is the Most Volatile, Right?

The consumer is extremely pressured, and incomes in real terms have been badly damaged by inflation. That's hurting the unit volume of consumption, number of goods that people are able to consume. And we're seeing the erosion there in this blue line in slide seven. What we have going on now is we have industrial production declining again, but the rest of the economy is still growing at 1.9%.

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