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Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession

Por: Fox Business Business September 29, 2022

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GDP dipped at an annual rate of 0.6 percent in the second quarter of 2022. FOX Business' Jackie DeAngelis with more. The shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending. The updated report, released Thursday, showed that... + full article



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