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Read the latest blog posts from the experts at ITR Economics about market and industry insights, actionable business advice, and topical economic trends.

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GDP Is in Recession

It is official. GDP met the definition of a recession when it declined for a second consecutive quarter based on the 2Q22 advanced release.

9.1% Is Not the Most Important Number

The June CPI result reflected a 9.1% year-over-year rate of inflation. It was the highest rate experienced in the US since Nov 1981.

Industry Updates

The Downside and the Upside of a Return to Normal

Now that the consumer has “backed off” from the torrid pace, there is too much inventory. Excess inventory will lead to a decline in orders in those...

Industry Updates

Income Meets Government; Irony Ensues

Real (i.e., inflation-adjusted) personal income – as earned for productive economic participation – is at a record high.