The Economy Was Already Slowing — Now the Numbers Prove It For months, the public messaging around the economy was that things were “holding up.” But the hard data is starting to tell a different story. U.S. GDP growth has slowed to just 0.7%, a steep drop from the previously reported 1.4% estimate. Just one quarter earlier, the economy was expanding at a much stronger 4.4% pace. That kind of deceleration isn’t normal noise in the data. It’s the economic equivalent of a warning light flashing on the dashboard. When growth drops that quickly, it usually means the underlying engines driving the economy are losing power at the same time. And that’s exactly what we’re seeing. Multiple Parts of the…
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