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Published 2 years ago

Biden: "We're not going to be in a recession"

Summary by Ground News
President Biden said Monday he does not think the U.S. will experience a recession despite decades-high inflation that's showing signs of easing up. Why it matters: The Commerce Department will release its initial estimate of second-quarter growth Thursday. If it shows that gross domestic product has fallen again, the U.S. would be in the colloquial definition of a recession, which is two consecutive quarters of contraction.

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