US Gross Domestic Product Shrinks 0.9% in Second Quarter as Investment Slumps
US GDP KEY POINTS: U.S. gross domestic product contracts 0.9% on an annualized basis in the second quarter, following a 1.6% decline in the first three months of the year Two consecutive quarters of negative GDP growth is informally called a technical recession, but the government has a broader and more comprehensive definition The deteriorating …
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