BBCNEWS World Business Report July 7, 2024
of cheer on wall street: amazon shares soar as it racks up sales of $121 billion in the last three months. hello there. we start in the us, with fears of a recession in the world's biggest economy. ——in the world's biggest economy are rattling people. official figures out on thursday show it shrinking for the second quarter in a row. two quarters of negative growth are what many countries around the world would define as a recession. not so in the us, as we'll show you why in a minute. us gross domestic product declined at an annual rate ofjust under 1% between april and june. th...