GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

GDP fell 0.9% in the second quarter, the second straight decline and a strong recession signal

• Gross domestic product fell 0.9% at an annualized pace for the period, according to the advance estimate.
• That follows a 1.6% decline in the first quarter and was worse than the Dow Jones estimate for a gain of 0.3%.
• The drop came from a broad swath of factors, including decreases in inventories, residential and nonresidential investment, and government spending

https://www.cnbc.com/2022/07/28/gdp-q2-.html