Explain your thoughts on the writing below and comment on what you think about the piece :

Based on the BEA website, the Gross Domestic Product in quarter four of 2022 had a rise of 2.9%. Closer to quarter 3 of 2022, it went up 3.2%. This influenced theincreasing in inventory investment and consumer spending.From 2021 to 2022, it has definitely gone down significantly into the negative in the periods of quarters 1 and 2 of 2022. What I noticed right away with the graph provided from the GPD was the net exports of good and services being negative. Having negative exports is meaning that we are bringing in more than we are selling. Countries that have positive net exports get the benefits of having more people employed to produce the goods that they're selling to other countries. Since the United States has negative imports, the other countries are having a better employment rates than we are because their workers are making the products that we are buying from them. Through the quarters of 2020 and 2021, the US import rates are significantly higher than the US export rates. For example, quarter 2 of 2021, the exports of goods and services was 105.746. The imports of goods and services was 128.154. The reason we are in this current businesscycle is because of the rise of government spendingand the pandemic of COVID-19.According to institutionalfidelity.com, he part of the business cycle the U.S. economy is currently in is considered to be the late-cycle expansion phase. Through quarters of 2022, we were in the "recovery phase" and there is a possibility for a recession in the US in the year of 2023.