Tag: GDP

Is the US in a recession? It depends on who you ask

The Commerce Department released data on Thursday showing that the U.S. gross domestic product (GDP) shrunk for a second consecutive quarter.   The data prompted media headlines warning about the increased possibility of a recession and outcry from Republicans, quick to slam President Biden for his economic policies.   For its part, the Biden administration […]

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Why another GDP decline may not mean the US is in recession

The Biden administration is ramping up messaging that two quarters of negative growth do not mean a recession, bracing Americans for a likely tough economic report on Thursday. Economists say new federal data could show U.S. gross domestic product (GDP) shrinking between April and June, marking the second straight quarter of contraction. That will likely […]

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