US real imports (via @steveanastasiou) For 2Q 2023, US real imports fell at an annualized pace of -7.8%, putting the total YoY decline at -4.8%. Since 1970, real imports have never been this negative outside of a recession or its aftermath. – Chart Of The Day

US real imports (via @steveanastasiou) For 2Q 2023, US real imports fell at an annualized pace of -7.8%, putting the total YoY decline at -4.8%. Since 1970, real imports have never been this negative outside of a recession or its aftermath.