World
2022.07.29 05:24 GMT+8

U.S. GDP slips for another quarter

Updated 2022.07.29 05:24 GMT+8
Owen Fairclough

The U.S. economy was plunged into greater uncertainty on Wednesday when new data showed the economy contracted in the first six months of the year.

Back-to-back quarterly contractions is the typical definition of a recession. But like much else in the U.S. even that’s being contested by those who point to strong labor demand and low unemployment.

CGTN’s Owen Fairclough reports.

For more, check out our exclusive content on CGTN Now and subscribe to our weekly newsletter, The China Report.

Copyright © 

RELATED STORIES