GDP (q/q) (Q1)

Actual data: 1.1%

Analyst forecast: 2.0%

Previous data: 2.6%

The impact of GDP on dollar quotes is related to inflation. In turn, the relationship between GDP and inflation is rather thin.

As a rule, GDP growth is associated primarily with an increase in spending within the country, and inflation usually increases at the same time. Up to a certain point, this spurs the economy, and dollar quotes grow, respectively, BTC reacts negatively.

However, too rapid GDP growth is dangerous, since inflationary overheating will weaken the economy in the future.

Most economists today argue that for the safe and stable functioning of the economy, GDP growth per year should be 2.5% - 3.5%.

Since we received lower than expected figures, this locally serves as a positive (growth) for BTC.

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