Is the US in a recession? Well, that depends on whom you ask – and what measure they use
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
The U.S. economy shrank an estimated 0.9% from April through June, the Bureau of Economic Analysis reported on July 28, 2022. It follows a contraction in gross domestic product of 1.6% recorded in the first quarter of the year.