U.S. GDP shrinks for 2 quarters in a row, meeting bar of what some say is technical recession - CBC News

New data out of the United States shows the world's largest economy shrank in both the first and second quarters of 2022, which is the minimum requirement of what some experts say is the technical definition of a recession.

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9 per cent annual pace and raising fears that the nation may be approaching a recession. The decline… [+4230 chars]

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