Q2 US GDP: Economy contracts for second consecutive quarter
From our point of view, the economy will likely soon meet the formal definition of being in a recession, though it isn’t there yet.| The Real Economy Blog
From our point of view, the economy will likely soon meet the formal definition of being in a recession, though it isn’t there yet.| The Real Economy Blog
Once one excludes the more volatile trade and inventory data, growth advanced at a much softer pace of 1.2% implied by final sales to private domestic purchasers.| The Real Economy Blog
