According to the US Department of Commerce’s report, which was issued today (Thursday), the US economy shrank by 0 during the second quarter of this year. Compared to the first quarter of the year, this represents 6% of the GDP.
According to the unadjusted statistics in the study, the real rate of contraction of the US economy during the second quarter was consistent with the quarterly contraction during the first quarter of this year and was in line with analysts’ predictions.
After falling by 1 during the first quarter, the gross domestic product fell again during the second quarter.
According to the updated data, the US economy, the largest economy in the world, has entered a recession after experiencing shrinkage for two consecutive quarters at a rate of.6 percent. .
The second quarter saw a 0.6% decline in the US GDP.
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