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Is the US in Recession? Depends on Whom You Ask

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cryptonews.com

D. Brian Blank, Assistant Professor of Finance, Mississippi State University._______The US economy shrank at an annual rate 0.9% from April through June, the Bureau of Economic Analysis estimated on July 28, 2022.

It follows a contraction in gross domestic product of 1.6% recorded in the first quarter of the year.Some observers suggest the two quarters of contraction constitute a “technical recession” or the “unofficial start” of one, while others suggest it at least raises fears or signals it’s on the way.

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