Beltway Confidential

U.S. halfway to a recession?

By Daniel Allott

Published May 29, 2015 6:36pm ET

Add Washington Examiner on Google

U.S. halfway to a recession? — Economists are blaming the poor numbers on the bad winter weather and the consequent decline in consumer spending, among other "transitory" factors. (Getty Image) | Spencer Platt

A recession is generally defined as two successive quarters of negative economic growth. By that definition, the U.S. is halfway to plunging back into recession.

As the Washington Examiner’s Joseph Lawler has reported, the U.S. economy contracted by a 0.7% annual rate in the first quarter, according to a report released Friday by the Commerce Department.

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:

Barack Obama