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.
Entire North India including Delhi is in the grip of severe cold and cold waves. At this time Del
Ajit Pawar-led Nationalist Congress Party (NCP) on Tuesday announced the names of two more candid
India entered the final by winning by 68 runs against England in Guyana on Thursday. Now Team Ind
The Supreme Court on Friday dismissed a plea seeking a stay on media coverage on the Adani-Hinden
Mihir Shah, the prime accused in the BMW hit-and-run case that killed a 45-year-old woman in Mumb
Along with the hilly areas in the country, the weather has changed in the plains. Winter is incre
Vikrant Massey looted a lot of applause by playing the role of Manoj Kumar Sharma in the 12th fai
The person who fired at Salman Khan's house did not get bail. The special court rejected the plea.
Fans are very crazy about Salman Khan. Bhaijaan's fans pray for the actor's safety every moment.
Every year on the occasion of Republic Day, some leader or the other is invited as the chief gues
Indian External Affairs Minister S Jaishankar on Thursday said that in the year of India's G20 pr
