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To: weston

Weston, Great news & thank you for the update. I am so happy you are feeling better & on the road to better health.


4,792 posted on 09/29/2022 7:18:57 AM PDT by gubamyster
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To: gubamyster

Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession

Economists expected the final GDP reading to be unchanged at 0.6%

By Megan Henney September 29, 2022 8:34am EDT

FTA
The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending.

The updated report, released Thursday, showed that gross domestic product (GDP), the broadest measure of goods and services produced across the economy, shrank by 0.6% on an annualized basis in the second quarter. That is below the initially reported 0.9% decline and unchanged from the second reading of a 0.6% decline.

(more...)

https://www.foxbusiness.com/economy/final-gdp-reading-shows-us-economy-shrank-spring-cementing-start-recession


4,794 posted on 09/29/2022 7:33:27 AM PDT by gubamyster
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