From the desk of… Recession and the 2024 campaign ...Middle East

For more than two years now, Republicans have been predicting that President Joe Biden’s big-spending policies will crash the U.S. economy into recession. It hasn’t happened yet, although the country did experience two consecutive quarters of negative economic growth — a widely accepted definition of recession — in the first and second quarters of 2022. But the economy climbed back into positive growth territory in the next quarter and has stayed there since. Now, it’s struggling. Well, it’s always been struggling, but now it is more clearly struggling. The government reports that GDP grew at an anemic 1.1 percent annual rate in the first quarter of 2023. “Growth in the U.S. slowed considera

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Last updated : 10 May 2023 clock 03:05 PM

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From the desk of… Recession and the 2024 campaign ...Middle East

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