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America is officially in a RECESSION

Businessman And Hong Kong City View With Red Bear Chart On Background. Double Exposure

(WASHINGTON D.C.) — Numbers out this morning from the Commerce Department show it a second-straight quarter of negative growth.

The American economy shrank an estimated 0.9% annual rate in the second quarter of 2022.

Recession is defined as “a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”