Valin Posted July 28, 2022 Share Posted July 28, 2022 The Washington Examiner Zachary Halaschak, Economics Reporter July 28, 2022 America's GDP fell at a 0.9% annualized rate in the second quarter, a preliminary estimate from the Bureau of Economic Analysis showed Thursday morning. The report marks the second straight quarter of declining inflation-adjusted GDP — a situation commonly used to define a recession. GDP tumbled at a 1.6% rate in the first quarter. WHITE HOUSE CHALLENGES COMMON DEFINITION OF A RECESSION — HERE’S WHAT TO KNOW (Snip) _____________________________________________________________________ Link to comment Share on other sites More sharing options...
Valin Posted July 28, 2022 Author Share Posted July 28, 2022 Are we in a recession? No, JP Morgan strategist explains 'We need to see a slowdown': Yellen defends GDP data, says economy not in recession Link to comment Share on other sites More sharing options...
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