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# Economy Watch: U.S. Economy Weaker Than Thought in 1st Half
- URL: https://bevnews.net/economy-watch-u-s-economy-weaker-than-thought-in-1st-half/
- Published: 2022-09-30T00:55:05.000Z
- Updated: 2022-09-30T00:55:05.000Z
- Author: Joel Whitaker

That's the best way to interpret Thursday's Commerce Department report that U.S. gross domestic income, adjusted for inflation, grew at a 0.8% annual rate in the first quarter and barely at all – just 0.1% – in the second. That's much weaker than the 1.8% and 1.4% growth rates previously announced. 

Gross domestic product shrank in both periods: 1.6% in the first quarter, 0.6% in the second. Those figures were unchanged. 

Together, the two figures suggest output shrank slightly in the first half of the year. 

What does this mean for bev/al marketers? If past experience is any guide, many consumers will shift downward in price points.