The US economy shrank at an annual rate of .6 percent last quarter, the second quarter the economy has shrunk in a row, confirming that the country is in a recession.
According to Forbes, a third and final estimate from the Bureau of Economic Analysis on Thursday confirmed the .6 percent gross domestic product shrinkage, which has economists predicting that economic slowdown will only continue. In July, the Biden Administration attempted to redefine the word "recession," offering several competing definitions to minimize the severity of the American financial landscape.
https://thepostmillennial.com/breaki...fine-recession
- berryberry
- 09-29-2022, 03:13 PM