What the decline in GDP means for your wallet
What the decline in GDP means for your wallet
(NewsNation) —The U.S. GDP declined 1.6% in the first quarter of 2022, signaling a recession could be on the horizon as inflation and high gas prices continue to put American consumers in a bind.
If the second quarter of 2022 shows another GDP decline, it officially means the U.S. is in a recession.
So what is GDP and why does it matter to you? Economics expert Dan Roccato from the University of…
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