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Is USA headed for a recession?

29 JUL, 2022

USA just had a 2nd quarter of negative growth

The economy in USA
shrank by 0.9% in last three months.

"Are we in a recession? Yes. No. Maybe."

- by Allison Morrow, CNN Business

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"When you're creating almost 400,000 jobs a month, that is not a recession" 

- Treasury Secretary Janet Yellen

A majority, or 65%, of registered voters who responded to a recent Politico poll said they believe we are already in one.

the "traditional definition" of a recession is "a significant decline in economic activity that is spread across the economy and that lasts more than a few months."

"I don't think the NBER would look at the data right now and say the economy is in a recession,"

- Michael Gapen, the chief U.S. economist at Bank of America Securities.

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