4min chapter

Moody's Talks - Inside Economics cover image

Consumer Sentiment and Sentimental Farewell

Moody's Talks - Inside Economics

CHAPTER

Is Q3 Going to Be Negative?

The first quarter of 2023 is going to be marginally negative, and then it's a question of what that second quarter will look like. If you strip out the net exports since this time last year, GDP has basically been flat. We're moving sideways on jobs, still lots of jobs. And just really starting to see instances of middle and high income consumers walking away from a pretty wide range of purchases due to higher than expected prices.

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