Was that pre or post bank run economic data with an asterisk from American public media?

This is Marketplace.

In Baltimore, I'm Amy Scott in Preky, RISDAL.

It's Thursday, March 30th.

Good to have you with us.

The big economic indicator of the day is GDP, gross domestic product, which the Commerce

Department tells us grew at an annualized rate of 2.6% in the final months of last year.

That's revised ever so slightly down from an earlier estimate of 2.7%.

And it reflects what turned out to be the weakest growth in consumer spending since the

start of the pandemic, consumers being of course the big driver of economic growth in this

country.

Again, that's looking at the last quarter of 2022.

Tomorrow we'll get some fresher numbers on personal spending in February of this year.

I say fresh ur because I probably don't have to remind you of what's happened in the

economy since then.

But just in case, Marketplace's Matt Levin will.

Okay, so pretend for a second it's February again.

You know, back when you associated the phrase bank run more with that old movie, it's

a wonderful life than with startup CEOs freaking out on a WhatsApp thread.

Back then, the big question for economists like Bank of America's Aditiya Bave was, is

consumer spending picking up?

Because January was just extraordinarily strong.

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