WH Press Secretary Karine Jean-Pierre: ‘We’re Not Redefining Recession’

White House Press Secretary Karine Jean-Pierre said Wednesday that the White House is not redefining recession one day before it was reported that the GDP (Gross Domestic Product) shrank by 0.9 percent, the second quarter in which the GDP fell.

“Real gross domestic product (GDP) decreased at an annual rate of 0.9 percent in the second quarter of 2022, following a decrease of 1.6 percent in the first quarter. The smaller decrease in the second quarter primarily reflected an upturn in exports and a smaller decrease in federal government...