White House says a second consecutive quarter of negative GDP 'unlikely' to be indicative of recession - Fox Business

The White House said that even if the GDP estimate is negative for a second straight month, it's "unlikely" that the country is in a recession.

The White House Council of Economic Advisors said on July 21 that even if Friday's advance estimate of the country's GDP is negative, it's still "unlikely" to be indicative that the country is in a r… [+3053 chars]

full article...