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Latest GDP reading confirms the US economy shrank for two straight quarters, supporting one definition of a recession

Por: CNN Business September 29, 2022

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Minneapolis CNN Business  —  The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the most recent GDP estimate and shows the economy was in contraction for the entire first half of the year as businesses readjusted to pandemic-era supply chain disruptions. The latest scorecard on the economy may... + full article



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