Fact Check: Did The White House 'Change Definition of Recession'?

Posted on AllSides July 25th, 2022
From The Center
Alex Wong/Getty Images

The U.S.' economic landscape remains far from picturesque, with a housing market downturn, inflation spikes and consumer price increases darkening the landscape.

Economists, investors and brokers already say that America is heading for, or may already be in, a recession.

Despite early signs of recovery and optimistic forecasts in 2021, and an apparent determination to focus on the promising aspects of the country's economic health, the Biden administration is now seeing warning flashes of further and prolonged pain.

However, some have suggested that rather than a more critical outlook, the...

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