Headline: Forbes,
Negative GDP growth is rare for the U.S., occurring just three times over the last decade: 2020’s first two quarters as the COVID-19 pandemic ground the global economy to a halt, including a record 28% GDP contraction during the second quarter, and Q1 2022, when the Fed enacted its first interest rate hike in more than three years as inflation soared to a multidecade high. [emphasis added]
No comments:
Post a Comment