Economists Debate Recession Definition as Economy Contracts in 1st Half of 2022

Economists Debate Recession Definition as Economy Contracts in 1st Half of 2022
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The U.S. economy contracted for the second straight quarter, falling at an annualized rate of 0.9 percent in the April-to-June period, new data from the Bureau of Economic Analysis (BEA) show.

Although the gross domestic product (GDP) performance meets the definition of a technical recession, many economists and Wall Street firms haven’t been quick to declare a recession based on the preliminary estimate.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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