Is USA headed for a recession?
29 JUL, 2022
USA just had a 2nd quarter of negative growth
The economy in USA
shrank by 0.9% in last three months.
"Are we in a recession? Yes. No. Maybe."
- by Allison Morrow, CNN Business
"When you're creating almost 400,000 jobs a month, that is not a recession"
- Treasury Secretary Janet Yellen
A majority, or 65%, of registered voters who responded to a recent Politico poll said they believe we are already in one.
the "traditional definition" of a recession is "a significant decline in economic activity that is spread across the economy and that lasts more than a few months."
"I don't think the NBER would look at the data right now and say the economy is in a recession,"
- Michael Gapen, the chief U.S. economist at Bank of America Securities.
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