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The US economy dropped an annualized 0.9% in the second quarter, according to government data that was released. Paired with the 1.6% decline in the first three months of the year, the economy has now contracted for two straight quarters.
That means we’re in a recession, right?
“GDP has fallen for two quarters in a row, but that doesn’t mean we’re in a recession.” — Morning Brew
Source: Morning Brew