US GDP Declines: The Recession is Here
Recent economic reports reveal a surprising decline in the U.S. GDP, which fell by 0.3% in the latest quarter. Analysts had predicted a 0.3% growth, making this unexpected downturn alarming. If the country records another negative quarter, it will officially meet the criteria for a recession. Economists urge caution and suggest that consumers and businesses brace for economic challenges ahead. This decline raises many questions about the trajectory of economic growth in the coming months.