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While the US economy is in a technical recession, the situation is complicated, to say the least.https://t.co/yAwkf1YBcS https://t.co/keaBh3VWNK pic.twitter.com/6VWe2CMddw
— simonthong aka kitty poo (@KittyPo80176717) July 28, 2022
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BREAKING: The United States is now in a recession after 2 confirmed successive quarters of negative growth
— Jack Poso 🇺🇸 (@JackPosobiec) July 28, 2022
Q1 GDP -1.4%
Q2 GDP -0.9%
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The U.S. economy shrank between April and June, marking two consecutive quarters of negative growth. Six months of contraction usually signals a recession.
— The Washington Post (@washingtonpost) July 28, 2022
Economics reporter Rachel Siegel explains what these trends mean and how to tell if the U.S. is entering a recession. pic.twitter.com/bQ1uKSc2ep
Here are some ways to think about the economic growth data, against the backdrop of high inflation, a tight labor market and growing risks of a recession. https://t.co/Nez2oWOe8E
— The Washington Post (@washingtonpost) July 28, 2022
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Yellen: Most economists define a recession as involving substantial job losses and mass layoffs; businesses shutting down … private sector activities slowing activities … & a broad-based weakening of our economy.
— Jeff Stein (@JStein_WaPo) July 28, 2022
"That is not what we are seeing right now"
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Or you could listen to credible individuals like former Fed Chair Janet Yellen, current Fed Chair Jay Powell, and scores of economists on the issue who say we aren’t in a recession at this point – while the media continues perpetuating their narrative claiming we are.
— Nancy Pelosi’s Heels (@bidonkules) July 28, 2022
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weehingthong 