Amid soaring inflation, the prospects of the year getting worse economically have been growing with experts warning that the U.S. is already in a recession.
While a recession is technically a contraction of gross domestic product (GDP) across two consecutive quarters, some experts say such a definition is too simplified.
A government report has shown there was a 1.6 percent decrease annually in real gross domestic product (GDP) in the first quarter of 2022, with factors pointing to further negative growth in Q2.
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