July 29, 2022

Are We in a Recession? It’s Complicated.

by The Journal

Yesterday, government data showed that the economy shrank for the second quarter in a row, a common definition of a recession. The WSJ's Jon Hilsenrath explains why that doesn't mean the U.S. is in one and looks at what needs to change before he starts using the "R" word.

Further reading:

- Inventory Swing Is a Key Culprit Behind U.S. Recession Talk 

- People Have Money but Feel Glum-What Does that Mean for the Economy? 

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