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Breaking: GDP Contracts for Second Straight Quarter as U.S. Economy Enters Recession
Reviewed by Diogenes
on
July 28, 2022
Rating:
Gross domestic product fell .9 percent in the second quarter, contracting for the second quarter in a row and indicating the U.S. is in a recession.
The GDP was expected to rise 0.3 percent in the second quarter, according to Dow Jones estimates.
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