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Columns

A strange kind of recession

13 August 2022

9:00 AM

13 August 2022

9:00 AM

It’s possible that I owe Joe Biden some sort of an apology, however mealy-mouthed it might be. Last week I mentioned here the weird prevarication from the US government and its supporters over whether or not the US is technically in a recession. It arose from the news that the US had two successive quarters of negative GDP growth.

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