Are we in a recession? Maybe not officially, but there's growing concern that one's on the horizon

Posted on AllSides October 26th, 2022
From The Left
Bartolome Ozonas/Getty
ANALYSIS

There's been a lot of argument lately over whether the US economy is in a recession. If you're still confused about that, you're not alone.

This much we know for sure: Gross domestic product shrank by 1.6% during the first quarter and 0.6% in the second quarter of 2022. The back-to-back quarterly declines in GDP prompted some to quickly label it a recession. Others countered that separate indicators including low unemployment, strong job growth, and increased household savings mean there is no recession.

Whether or not the US economy is in...

Read full story
Some content from this outlet may be limited or behind a paywall.

Insider

AllSides Media Bias Rating: Lean Left
AllSides Media Bias Rating: Lean Left
111304/86398
See full bias rating for Insider
Learn about media bias
https://www.businessinsider.com/personal-finance/are-we-in-a-recession

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right