GDP in America has fallen for the second consecutive quarter of the year. America's Real GDP (Gross Domestic Product) declined in the second quarter of the year 2022 at an annual rate of 0.9% from April to June. This decline in US GDP for the second consecutive quarter technically indicates a recession.
According to data from the US Bureau of Economic Analysis, the US GDP declined by 1.6% in the January to March quarter of 2022. According to experts, when real GDP shows a decline in two consecutive quarters, such a situation is technically kept in the category of recession.
Let us inform you that these figures showing the decline in GDP in the US for the second consecutive quarter have been released on an approximate basis and the agency will revise these figures on August 25 this year.
The Bureau of Economic Analysis said in a statement that the decline in real GDP was due to a reduction in private inventory investment, residential fixed investment, federal government spending, state and local government spending, and nonresidential fixed investment, and partly exports and personal consumption. Indicates increase in expenditure etc.
Let us tell you that earlier this week, US President Joe Biden said that the country is not heading towards an economic recession. Talking to reporters, the US President had said, "I think the employment rate in the country is still the highest in history and we are also getting investors continuously." The US President had also said during this that the rate of our growth may slow down a bit, but to say that we are heading towards recession, would be wrong.
Along with slowing growth, the US is also passing through a period of the highest inflation in the past four decades. The US Federal Open Market Committee earlier this week decided to raise interest rates by 75 basis points to tackle rising inflation, to reduce demand in the economy.
Pre-booking started for the Samsung Galaxy S23 series, only this much money has to be paid
Samsung Galaxy S23 series: Korean company Samsung is going to launch the Samsung Galaxy s23 series in India on 1 February. Under this series, the company will launch 3 smartphones in the market.
Animal: Prabhas reacted to Ranbir Kapoor's teaser, pledged actor's praise
Ranbir Kapoor's film 'Animal' has been in the news since its announcement. The look of the actor released from the film has already increased the enthusiasm of the fans. At the same time, its bang
Peshawar Attack: Pak said, conspiracy to attack Peshawar mosque hatched in Afghanistan, intelligence agency funded
The plot to target a mosque in the capital of Pakistan's restive Khyber Pakhtunkhwa province was hatched in Afghanistan, the country's law enforcement officials probing the suicide attack said on
Peace will come from the ceasefire, release of hostages, and two-nation theory, PM Modi told the Palestinian President the solution to the crisis.
Prime Minister Narendra Modi met Palestinian President Mahmoud Abbas in New York on Saturday. The meeting of the two leaders took place at the Lotte New York Palace Hotel in New York. PM Modi
Kalki 2898 AD: 'Kalki 2898 AD' earned crores of rupees even before its release, distribution deal was done for a huge amount
With each passing day, superstar Prabhas' film 'Kalki 2898 AD' is getting closer to the threshold of release. The process of new updates related to the film is also continuing. There are speculations
Ahmedabad Plane Crash: Air India plane crashed in Ahmedabad, 242 passengers were on board; the accident in a residential area
Ahmedabad plane crash An Air India plane crashed today at Sardar Vallabhbhai Patel International Airport in Ahmedabad. The Ahmedabad-London plane crashed while taking off.
Bird Flu: The first case of bird flu in humans stirred up in Chile, the source of infection is being traced
Bird Flu in Humans The first case of bird flu has come to light in humans. Chile has detected the first case of bird flu in a human, following which the country is in a state of panic. Giving
South Korea Plane Crash: 'Story of two lucky people', what did the survivors of South Korea Plane Crash say? 179 people died in the accident
A major plane crash occurred in Muan City South Korea on Sunday morning. 179 people died in the accident and 2 people survived. The accident happened due to Jeju Air's plane slipping on the runway,
The time has come for India to prepare an Instrument of Surrender for the Pakistan Army- PoK Activist
Lashkar-e-Taiba terrorist Abdul Rehman Makki was recently included in the Global Terrorist List by the United Nations Security Council. Makki has released a video after being declared a global
Pakistan: Pakistan's lies exposed, Defence Minister Khawaja Asif's absurd statement on the claim of shooting down a fighter plane
Pakistan's lies have once again been exposed to the whole world. Pakistan claims that it has shot down five fighter planes of India during Operation Sindoor. However, this claim of Pakistan is
