US economy enters technical recession

GDP drop of 0.9% in Q2

Elliot Gulliver-Needham
clock • 2 min read
The NBER has not yet designated the US economy as being in recession

The NBER has not yet designated the US economy as being in recession

US GDP contracted 0.9% in the second quarter of 2022, putting the country into a technical recession after two consecutive quarters of negative growth.

The GDP numbers defied expectations, with experts predicting 0.5% growth. This followed a contraction of 1.6% in the first quarter of this year putting the US into a technical recession by globa...

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