GDP, LNG and Meta's Q3

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 29 October 2022

⏱️ 10 minutes

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Summary

How did energy-starved Europe end up with too much natural gas? New GDP numbers look strong, but how is the economy really doing? And is Meta betting too big on the metaverse? This week's indicators explain.

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Transcript

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0:00.0	NPR.
0:11.6	This is the Indicated for Reply to Money.
0:12.9	I'm Adrian Ma and I'm Diane Woods and it is the end of the week which loyal Indicated
0:17.9	listeners will know is time for Indicated is the way.
0:23.4	That is right and this week we are featuring one of those indicators that is, it is like
0:27.9	the big cheese, the most legendary of legendary indicators GDP, gross domestic product.
0:34.3	And to help us break it down we've brought in the big cheese, the most legendary of
0:39.1	legendary economic reporters NPR's very own Scott Worsley.
0:44.6	Great to be with you.
0:45.9	Are you okay with all the hype?
0:47.2	Yeah, I was just trying to think if I'm shatter or Swiss.
0:50.6	Not Swiss, there are no holes in your reporting.
0:52.6	Oh that's good to hear.
0:54.1	So this week hold on because our indicators kind of go all over the place.
0:59.5	GDP is up.
1:01.8	The price of natural gas in Europe is way down and our third indicator is what you might
1:08.0	call meta.
1:09.0	That's all coming out after the break.
1:15.2	And we're back.
1:16.2	We got the big cheese economic reporter NPR Scott Horsley.
1:20.5	My indicator this week is 2.6%.
1:24.4	That is the annual rate at which the US economy grew in July, August and September according
	...

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