Signs that the economy is heading toward recession grew in the last week. The latest estimate of second quarter GDP was released last Friday by the Atlanta Fed. The estimate showed a 2.1% decline of the GDP in the second quarter. That follows a GDP decline of 1.6% in the first quarter.
Not all economic data is pointing to a recession. As described in this WSJ piece, “economic output is down but the job market is strong, unlike in previous recessions.” On Friday, the Labor Department will be releasing the June...
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