Recession in America: US GDP on the green mark after two consecutive quarters of decline, no recession at the moment

Posted on 28th Oct 2022 04:53 pm by rohit kumar

Real Gross Domestic Product (GDP) in the US is back in the positive zone after two consecutive quarters of decline. The country's economy grew at an annual rate of 2.6 percent in the third quarter (July-September) of 2022, taking America out of the technical recession. A technical slowdown is defined as a negative growth in real GDP for two consecutive quarters.

 

The US Bureau of Economic Analysis said on Thursday, "Growth in real GDP showed growth in exports, consumer spending, non-residential fixed investment, federal government spending, and state and local government spending. There has also been a partial decrease in

 

Let us inform you that data from the US Bureau of Economic Analysis shows that in the January-March and April-June quarters, there was a decrease of 1.6 percent and 0.6 percent respectively in real GDP.

 

Also Read: Survey claims: The world is heading towards recession, yet central banks are increasing interest rates

Other news

IND vs AFG: Captain Rohit Sharma is very happy with India's record-breaking victory, and gives credit for the victory to these two players

India defeated Afghanistan by six wickets in the second T20 played in Indore. With this victory,

Salaar: Prabhas starrer 'Salaar' dominates the box office, earned Rs 150 crore in Hindi alone

Leaving behind 'KGF 1', 'Bahubali 1' and 'Pushpa 1', Hombale Films' film 'Salaar', directed by Pr

'Government is not responsible for deaths due to Covid-19 vaccine', Center replied in Supreme Court

The government cannot be held responsible for the effects of the Corona vaccination. The Center h

PM Modi Visit Varanasi: PM Modi will gift 37 development projects to the state today, will make the election conch sound in a public meeting
Today, on the second day of his visit to Kashi, Prime Minister Narendra Modi will gift 37 projects w

Prabhas: After Kalki and Shri Ram, Prabhas will take the form of Lord Shiva, knowing about the upcoming films of Bahubali.

After the film 'Salar Part One Ceasefire', Bahubali actor Prabhas is in the news for his upcoming

NEET, UGC Exam Row: Suggestions will be taken from students and parents to prevent malpractices in the exam; The Former ISRO chief formed a committee

Not only the high-level committee but now students and parents will also suggest what kind of imp

The Family Man 3: Manoj Bajpayee told when 'The Family Man 3' will be released, you will be happy to hear the date

The Family Man 3 Release Date: Manoj Bajpayee starrer The Family Man is one of the most popular I

Meta Layoffs: After Twitter, now there are massive layoffs in Meta, this week thousands of workers may lose their jobs

After Twitter, there is now news of massive layoffs in the social media site Facebook's parent co

IND vs ENG Test: Yashasvi Jaiswal's double century impressed even Sachin Tendulkar, the star batsman now reveals his conversation with the legend

Yashasvi Jaiswal on Sachin Tendulkar: Team India won by 106 runs in the second test match of Indi

Real Madrid Vs Liverpool : Karim Benzema dashes hopes of Liverpool's return by scoring a goal

Following a 7–0 win against Manchester United in the English Premier League, Liverpool fans