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What is the current GDP outlook?

Posted by Don Ake on Nov 8, 2021 1:46:58 PM

Don Ake presents an update on the state of the GDP and GDP Goods Transport.

This Q&A response from The FTR Experts came from our November CV Market Update webinar. View the video and the key takeaways below.

 
Key Takeaways:
  • Ongoing supply chain issues have negatively affected the outlook from last month to present, and things aren't expected to change over the next five quarters.
  • GDP Goods Transport only grew 0.3% in Q3 2021 as opposed to the GDP's 2.4%, as the industrial sector is affected by the supply chain more than the service sector is.

 

Tags: Economy, supply chain, GDP, transportation, GDP Goods Transport

 

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