Are we in a recession? GDP report suggests US economy may already be

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A key report Thursday could reveal that the nation’s economic output declined for a second straight month, meeting the informal criteria for a recession.

After dropping at an annual rate of 1.6% in the first quarter, gross domestic product – the value of all goods and services produced in the U.S. – is projected to have risen 0.5% in the three months ending In June, according to the median estimate of economists surveyed by Bloomberg.



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