US economy shrinks for a 2nd quarter, raising recession fear

38 views – WXXV Staff – 2022-07-28 14:37:21

US Economy Shrinks For A 2nd Quarter, Raising Recession Fear
A customer holds a credit card at the pay-at-the-pump gasoline pump in Rolling Meadow, Ill., Thursday, June 30, 2022. (AP Photo/Nam Y. Huh)

WASHINGTON (AP) — The U.S. shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

The decline that the Commerce Department reported Thursday in the gross domestic product…

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