Are We Truly In A Recession? | Forbes

The first estimate of Q2 GDP in the United States announced in July indicated a 0.9% decline. Combined with the Q1 report, that means the first half of 2022 has seen negative growth, even if the second quarter was a slight improvement on the first. There’s a good chance we’re in a recession, but there’s three criteria that need to be met before it can be officially called one.

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