Economy

Biden releases GDP statement that omits the word ‘recession’

By Haisten Willis
Published July 28, 2022 2:19pm ET
Add Washington Examiner on Google
Biden releases GDP statement that omits the word ‘recession’
While the U.S. economy contracted for the second straight quarter according to preliminary estimates, President Joe Biden released a statement Thursday morning that did not include the word “recession.” The country’s GDP fell at a 1.6% annualized rate in the first quarter and by 0.9% in the second rate, meeting the common definition of a […]

While the U.S. economy contracted for the second straight quarter according to preliminary estimates, President Joe Biden released a statement Thursday morning that did not include the word “recession.”

Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.

Tag:

Biden Administration Joe Biden Recession Washington D.C.