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The Independent UK
The Independent UK
National
Via AP news wire

UNBELIEVABLE: Explainer how do we know when a recession has begun - Caught on Camera

Recession Economy Jerome Powell NBER United States GDP Walmart
Copyright 2022 The Associated Press. All rights reserved.

By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn't the one that counts.

On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun.

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