Recession In US, Inflation and Unemployment

TeknikalRaman News

POSTED BY: Ranjeet Kumar PUBLISHED: July, 23rd 2022

Despite all of the Federal Reserve's efforts, the US economy has entered a "recession."

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Late on Thursday, the US Commerce Department released data showing that the growth rate for the June quarter was 0.9 percent below zero.

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The Guardian claims that a technical recession occurs when the growth rate is below zero for two consecutive quarters

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The American economy has also entered an unofficial recession as a result of this. 

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However, the National Bureau of Economic Research, officially determines the recession by reviewing all the data and indicators.

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Currently, US President Joe Biden is dismissing worries about a recession. In the country, he claims, more than one crore jobs have been created

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Despite all of the Biden administration's efforts, American consumers are paying more and more for food and other necessities.

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