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Recession or Not, the Recovery Has Ended
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Whether a recession is eventually declared, the message from the latest economic data is just as sobering: The recovery is, effectively, over.
To be sure, the second-quarter decline in inflation-adjusted gross domestic product was a bit misleading. Inventory destocking explains all of the decline, as it did for the first-quarter drop in GDP. Employment is still growing.
Read more on wsj.comAbout this in other media
‘The big squeeze’: what the papers say about Bank of England’s recession forecast theguardian.com /2 years ago
Sunak scorns Truss’s claims that tax cuts can avert recession theguardian.com /2 years ago
As recession looms, the Bank of England’s independence is under threat theguardian.com /2 years ago
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