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Why This Economy May Be Sturdier Than It Looks

Published April 28, 2022

From inflation to the war in Ukraine, there seem to be plenty of reasons to worry about the economy these days, but things are looking pretty good for the busy Hotel Haya in Tampa, Florida.

Even with gasoline prices topping $4 a gallon, people are making the drive from neighboring states and flocking to the hotel.

"They've been saving their money during the pandemic, and now they want to get away, wherever it takes them," says the hotel's general manager, Peter Wright.

That may not be obvious from a new economic report card. The Commerce Department reported Thursday that the nation's gross domestic product shrank at an annual rate of 1.4% in the first three months of this year — a marked contrast from the final months of 2021, which saw some of the fastest growth in decades.

Read more in NPR: 




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Herndon, VA 20170

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