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World

Is the US in recession?

29 July 2022

1:27 AM

29 July 2022

1:27 AM

There’s an almighty debate ongoing in the US about what exactly a ‘recession’ is. Regardless of semantics, the numbers are bad. Figures released today show that the economy shrank by 0.2 per cent in the second quarter of this year, following a 1.6 per cent fall in the first quarter. Over the year, the US economy is now 0.9

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