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Home Business

US enters technical recession as economy shrank 0.9% in Q2

Fox Business by Fox Business
August 5, 2022
in Business
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US enters technical recession as economy shrank 0.9% in Q2
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The U.S. enters a recession following two quarters of negative GDP growth. FOX Business’ Edward Lawrence with more.

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Tags: 2022 economyBide energy policiesBiden policiesBiden policies inflationbreaking newsBusinessbusiness news africabusiness news australiabusiness news australia todaybusiness news europebusiness news new zealandbusiness news us marketbusiness news usa todayeconomyEdward Lawrenceenergy prices 2022enterseu business news european enterprise awardsFedfed rate hikesFederal Reservefox businessfox business networkgas pricesGDP reportGDP report recessioninflationinflation 2022Janet YellenJerome Powelllatest news todaymaria bartiromoMornings with Marianew business usa 2022Newsnews todayPoliticspresident bidenrecessionrecord inflationrising pricesSecreatary Janet YellenshrankTechnicalUS economyus financial news todayworld news
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Comments 49

  1. Richard Mercer says:
    3 years ago

    Nothing like a sharp rise in interest rates and bad economic news to make the markets rally. Maybe if the unemployment numbers soar and we have more layoffs, the markets will rally even further. People appear to be completely disconnected from reality…

  2. B. N says:
    3 years ago

    " It's not a recession, it's a transitional phase because you all ain't spending'. – Joe

  3. B. N says:
    3 years ago

    Ford's CEO says carmaker has 'too many people' amid reports it plans to cut 8,000 jobs in push to fund EV expansion

  4. ALL IN ONE says:
    3 years ago

    I never thought America would fall into this misery, but it did. I wonder why the American people are suffocated and tolerate this thorn and do not think that it is going towards third world countries. For us third worlders, it is as clear as day that you are going into the same hole that we went into
    Plz Just WAKE UP ………

  5. ALL IN ONE says:
    3 years ago

    My Fellow Americans…
    If you people don't move and throw out this F…. ING administration, you will reach a place that you never even saw on your F… ING Dream…
    I'm telling you…

  6. D R says:
    3 years ago

    Well, it’s a trans recession. It was born as a good economy under trump, now it’s Trans Recession under this phuc stick.

  7. Paul Steele says:
    3 years ago

    How's All The FREE STUFF NOW !

  8. TomMarineVet says:
    3 years ago

    So if negative 2Qs makes a recession….but now "it technically" makes a recession..
    Then did the Economists, Government and Business "Technically" have been lying and cheating the American people in the past decades due to "technically" not recessions..the answer is YES!

  9. Dagoth Ur says:
    3 years ago

    The state of the US under Bden, never seen anything like it.

  10. Geoff Simpkins says:
    3 years ago

    Why is Fox saying ‘technical recession’ instead of ‘recession’?

  11. Geoff Simpkins says:
    3 years ago

    My own personal recession began in November 2020, almost immediately after the election. Business just dried up. Coincidence?

  12. Jonathan says:
    3 years ago

    The Biden administration is a disgrace! We need President Trump back!🇺🇸

  13. Ernie@youtube says:
    3 years ago

    So now i have to eat every 3 4 days instead of every other day. Life on disability.

  14. Johnny Cage says:
    3 years ago

    Revise will be -1.2%

  15. tiffany curtis says:
    3 years ago

    THE 81 MILLION PEOPLE THAT VOTED FOR THIS YOU DESERVE ALL OF THIS PAIN THE MOST 😡

  16. El Cheapo says:
    3 years ago

    How long until we're told "Recession is transitory!"?

  17. Buckin Billy Ray says:
    3 years ago

    Although< I have interests in global economics I don't watch the news anymore… I have enough FUD in the crypto markets lol. Thanks for sharing this news and offering your insight on how to navigate crypto during unfortunate times/events like this. You're right about keeping level headed when investing/trading so that's why I think it's important to limit the amount of FUD we consume. I don't watch the media but the news that you present gives me just enough to know what's going on without riding the emotional rollercoaster if I were to watch the news everyday. Now I buy and just trade long term more than ever, I have made over 23BTC from day trading with Yuxin Signals in few weeks, this is one of the best medium to backup your assets incase it goes bearish.

  18. Pat Risberg says:
    3 years ago

    Looking pretty good in nominal SEK. Not kidding. Prepare and respond. Stagflation is definitely a political meltdown. These people aren't professional economists, quite obviously.

  19. America is dying slowly says:
    3 years ago

    "Technical recession" Fox chyron propaganda at its finest…At least Money Maria tells the truth…

  20. AlexL says:
    3 years ago

    Call it what it is. A recession. No more BS.

  21. Helen Smith says:
    3 years ago

    No grain of salt, not even a whole box of salt will make
    these numbers better. Unless, maybe someone starts lying….

  22. sayem khondokar says:
    3 years ago

    বাংলাদেশ

  23. John Doe says:
    3 years ago

    when you see your democrat friend, make sure you punch them in the face

  24. L. B. says:
    3 years ago

    Why is fox business calling it a “technical recession”. Numbers are real right?

  25. Daniel Burke says:
    3 years ago

    Websters definition of recession two consecutive quarters negative

  26. Tornado15 says:
    3 years ago

    Is this like the time $5 trillion in spending wouldn’t cost a “red cent”

  27. Rena Sikes says:
    3 years ago

    With everything increasing so fast we have to be in a recession. It is hurting seniors. Whatever we got for cost of living pretty much was eaten up with ins. premiums.

  28. fish junky says:
    3 years ago

    its more like 1.3%..but like everything with this administration they are clueless..

  29. ronhamm says:
    3 years ago

    Why are we STILL pretending this is a legitimate administration?!

  30. C says:
    3 years ago

    I'm sure it's down more than that. What democrat doesn't lie.

  31. Brutus Smithers says:
    3 years ago

    Sleepy Joe and the idiot Democrats doing a fantastic job with everything so far👍

  32. Clonehack on telegram ☝️ says:
    3 years ago

    Never knew I would be who I am today after so much suffering
    I saw a post about your platform and I took a step to try if it's
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  33. cory proffitt says:
    3 years ago

    The violence, misinformation, and discrimination are the point of conservatism and republicans celebrate it.

  34. Joe alonzo says:
    3 years ago

    🙍‍♂Biden and the media want to cover-up the USA recession. They don’t “identify” with recession, just as some biological males don’t “identify” as males. In the progressive universe, if you’ve don’t feel like it’s a recession, it’s not a recession. Psychology overrides reality! If you are in the Biden, GOP/Democrat’s zombies world buy stocks now, I will start dumping in 07/29/2022🤶

  35. Nunya Business says:
    3 years ago

    People on bloomberg think if they can subsidize the big tech & tesla bubble then it won't be a reccesion. America is turning into a Tesla republic except the only problem is nobody's driving Tesla's. Also, nobody cares for these not needed big tech companies who deemed 95% of America racist.

    We can't eat semi conductors and offshore facebook as a commodity to trade, and if Americans can't afford Tesla's who in the world can? We should vote to kick California out of America and let them figure out how to starve on their useless technology. Its better than the whole country paying for their mistakes. I say kick them out along with every California based company on the stock market. They can be replaced on the DOW Jones top 30 with useful products that people need.

    Let us know when you guys can press a button on a machine and materialize a fillet mignon from thin air and we'll let you back in. Other than that nobody needs your fake metaverse to escape the living hell you created. We just need to get rid of you to fix that.

  36. Susan D. Cooper says:
    3 years ago

    $76,000 just in two weeks Mr buch Michael greene you are so amazing

  37. Adventure West says:
    3 years ago

    I redefine what a president means. Joe is not president

  38. Blake Speith says:
    3 years ago

    Nice content 💯
    This season has been really great, I've been making massive profits on my crypto investment, all thanks to Expert Julia Oswin.

  39. gin-N-aujus says:
    3 years ago

    Its a booming economy!!! C'mon man!! America Last.

  40. Kurami Rocket says:
    3 years ago

    I'm so lucky that my whole life my family has never been affected by recessions. We never felt the 2008 recession and certainly don't feel it now. I can literally spend, at least at most I try to spend $100 monthly on pure luxury items I may want. Though honestly, I try to spent that money to help small Mexican businesses in Mexico, especially the indigenous population.

  41. Gregory Sagegreene says:
    3 years ago

    The tailend end of a 'Bullwhip Effect'
    is a sting in the arse.

  42. EAST COAST WATCH says:
    3 years ago

    We are not in a recession, just transitory of reduced economic activity to a DEPRESSION !!!

  43. Chris Thompson says:
    3 years ago

    I'm having fun cutting stuff out. Pop tart bits went up one dollar so I no longer buy them. However Ritz handy snack crackers didn't go up so they get rewarded.

  44. Thi G. says:
    3 years ago

    RECESSION means: goal for the left side

  45. ☝️clonehack on telegram ☝️ says:
    3 years ago

    Do you need multiple times your cash?? I suggest you the
    above name who as been my guardian angel with $8000
    today in my wallet

  46. Jason Dong says:
    3 years ago

    Recession? It’s a slow down… transitory

  47. Jeff Bayless says:
    3 years ago

    It's our democracy, stupid!

  48. Clonehack on telegram says:
    3 years ago

    I already lost interest but Thanks to clonehack he is very trustworthy may you continue to prosper i got my $10,000 monthly profit

  49. Sarah Bee says:
    3 years ago

    Well we the people identify as being in a recession! My pronouns are she, her.
    adjectives are: broke and pissed.

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