Final Q2 GDP Report Confirms Biden's Recession...Again

Posted on AllSides September 29th, 2022
From The Right
Economy and jobs, GDP, Recession
Source: AP Photo/Andrew Harnik

The third and final estimate for U.S. GDP in the second quarter was released on Thursday morning, showing that the economy with -0.6 negative growth:

The “third” estimate of GDP released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the decrease in real GDP was also 0.6 percent. The update primarily reflected an upward revision to consumer spending that was offset by a downward revision to exports. Imports, which are a subtraction in the calculation of...

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