US economy shrinks for second quarter in a row

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United Kingdom Headlines News

US enters technical recession after contraction in second-quarter growth

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Source: Financial Digest (financialdigest.net)

 

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Can't suppose what will be next

I guess that's a new record for Democrats.

If GDP is positive in Q3, is the recession over?

Don’t mess with Jay

It is a recession. Growth is the defining factor not employment. In the UK and US economies over the last decade the connection between economic performance and employment has long been gerrymandered by revisions of what constitutes employment and inactivity.

The fools at the banks who revised positive GDP just yesterday should all be fired this morning. We have lost faith in bank estimates. We have known we are in a recession

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