US Enters Technical Recession After Two Consecutive Negative Growths

By Mod2   1 week ago   36
World - Top Stories


US Economy in technical recession as GDP shrinks for a second quarter. Q2 GDP fell at a 0.9% annualized rate as inventories, residential investment subtract from growth after a 1.6% decline in the first three months of the year.

FLASH: US Q2 GDP fell by 0.9%, sending the US into a technical RECESSION (read: 2 consecutive quarters of GDP decline). President Biden better buckle up. Things are going to get worse.



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