G.D.P. Report Expected to Show Weak Growth: Live Updates
Gross domestic product fell by 0.2 percent in the second quarter, after a 0.4 percent decline in the first, fueling fears that a recession may have already begun.
Source: nytimes.com
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2nd LD Writethru: U.S. GDP shrinks 0.9 pct in Q2 after Q1 contraction
WASHINGTON, July 28 (Xinhua) -- The U.S. economy shrank at an annual rate of 0.9 percent in the second quarter after a 1.6-percent contraction in the previous quarter, the U.S. Commerce Department reported Thursday.
Source: thestar.com.my
World News | US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop
Get latest articles and stories on World at LatestLY. The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. World News | US Economy Shrank 0.9% Last Quarter, Its 2nd Straight Drop.
Source: latestly.com
Before the Bell
Australian shares are set to lift again as Wall Street moved higher and the US recorded a second straight quarter of negative economic growth.
Source: afr.com
Here's How to Know If We're in a Recession, and It's Not What You Think
Officially, the NBER defines recession as “a significant decline in economic activity that is spread across the economy and lasts more than a few months.”
Source: necn.com