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FOXNEWS Americas Newsroom July 7, 2024

get out the dictionary. we ll define recession for you. here is the bottom line. the biden economy is shrinking as the fed unleashes rapid fire rate hikes to stave off the highest inflation in 40 years. let s get right to it. maria bartiromo joins us now. go ahead and give us the news because they projected .5% on the positive side. the number was a negative .9. we are now in recession and we can confirm that because it is two quarters straight of contraction. the economy shrank in the second quarter by 9/10 percent on top of shrinking in the first quarter by 1.6%. now so far all of the commentary that i m hearing is talking about a shrinking of the economy but the good news for the economy is that job growth has stayed strong. that was why some people were questioning well maybe it is different this time. it is hard to believe that job growth can be up to 300,000 in one month when you are in a recession. what s different this time is that we have an inventory build-u ....

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India's GDP likely to grow by 7.3% in 2023-24: Govt

According to a statement, the growth in real GDP during 2023-24 is estimated at 7.3 per cent compared to 7.2 per cent in 2022-23. ....

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Data recap: EPF rates, L&T buyback, GDP estimate

News and developments from the week gone by, through numbers and charts. ....

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India's economy to expand at 7% in FY23; FY22 GDP growth rate revised to 9.1%

The government released the second advance estimate of the GDP (Gross Domestic Product) for 2022-23 along with December quarter data today ....

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FOXNEWS Americas Newsroom June 4, 2024 14:00:00

When you get the e.v. looking forward to it, bill. dana: america enters a recession after the economy shrinks for the second straight quarter. welcome to a new hour of in us news, i m dana perino. bill: i m bill hemmer. it is now official, right? we ve been waiting for this for a long time. you have the key measure of economic output falling just under 1 percentage point. missed it by a point and a half now. two consecutive quarters of negative growth that meets the definition for a recession. dana: wall street reacting to the news. the dow down about 125 at this point. edward lawrence of fox business is live at the white house with the late-breaking details. how is it going over there? there is a little bit of scrambling around here. it validates what americans have been feeling the economy has been in a recession for the first six months of this year. you look at the gdp estimate from the bureau of labor ....

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