Source: Jason Parker, WRAL TECHWIRE, 7/29/22

The growth of the United States economy, as measured by gross domestic product (GDP), has now been in negative territory for two consecutive quarters.  Still, there’s not likely to be an official determination that we’re living in a recessionary environment for many months.  And, there are reasons to believe that an official designation of a recession may not come at all this year, despite the shrinking of the economy.  What’s going on here? Here’s the latest: The U.S. economy shrank, again, in the latest quarter, according to the most recent report from the Bureau of Economic Analysis.

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