Top Economist Issues Warning as US GDP Declines for 2nd Straight Quarter

Top Economist Issues Warning as US GDP Declines for 2nd Straight Quarter
Mohamed El-Erian, chief economic adviser of Allianz, at FOX Studios in New York on April 29, 2016. Rob Kim/Getty Images
Jack Phillips
Jack Phillips
Breaking News Reporter
|Updated:
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A top U.S. economist issued a warning after a report Thursday showed the United States posted a second consecutive quarter of negative growth.

Gross domestic product fell at a 0.9 percent annualized rate last quarter, the federal government said. The country’s GDP contracted at a 1.6 percent pace in the first quarter.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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