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Yes, the US economy is likely in recession

CAMBRIDGE    The latest figures from the Bureau of Economic Analysis (BEA) show that the US economy has experienced two consecutive quarters of negative real (inflation-adjusted) GDP growth. That accords with a popular definition of a recession. But economists have noted that any official declaration of a US recession must come instead from the National Bureau of Economic ....

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Yes, the U.S. Economy Is Likely in Recession

Aug 03, 2022 // With the announcement on July 28 of a two-quarter GDP decline, many are questioning if the U.S. economy is in recession. However, given this, we can be confident that the U.S. economy entered a recession early in 2022 writes Harvard’s Robert J. Barro. ....

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