Monday, February 6, 2023
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Is the US in a Recession?

Final week, GDP numbers got here in for Q2, they usually…don’t look nice. The U.S. economic system unexpectedly shrank for a second quarter in a row this yr, in response to knowledge launched Thursday. GDP Flashes Recession Warning Signal, The US has now skilled detrimental GDP development for two consecutive quarters, and that’s the generally accepted definition of a recession. So…the US is now in a recession, proper? Surprisingly, the reply just isn’t so clear lower, and there’s loads of disagreement about whether or not it is a “actual” recession or not, with economists, monetary analysts and (in fact) politicians weighing in on each […]

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